The Tax Act of 2017 increased the standard deduction and many people who itemized deductions in the past will now be better off taking the standard deduction. For the charitably inclined, a strategy we have been discussing with our clients is to bunch charitable gifts. While this can be a good strategy, there are limitations.

Learn more: https://www.bloombergtaxtech.com/blog/2018/07/planning-to-bunch-charitable-deductions-this-year-dont-forget-the-carryover-rules

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