No Benefit At All: When Charitable Contribution Deductions Don’t Save Tax

You can make a charitable contribution and get no income-tax benefit.

The problem may be who makes the gift. An individual and a non-grantor trust follow different deduction rules, and the same contribution can produce very different results.

This edition of the Secret Art of Planning explains how choosing the taxpayer can make charitable giving more tax-effective.

We explore tax planning ideas for our clients every day as we lead the family office practice at Frazier & Deeter. Follow to see all my newsletters, as well weekly family offices article with Jeffrey Rosen, CPA, CGMA, MBA.