May 4, 2021—The ongoing pandemic has made philanthropy more important than ever. The good news is some of the charitable giving tax benefits, originally enacted through the CARES Act at the start of the pandemic, have been extended through 2021. In today’s podcast, Carol Kroch, national director of philanthropic planning, discusses how to take advantage of tax changes related to charitable giving this year, while also addressing how future tax increases may work to a donor’s advantage.
With big changes in the White House, wealth planning is key.After many recounts and court challenges, Joseph R. Biden Jr. has been inaugurated as President of the United States.For those whose assets are significant enough to have a taxable estate, planning will be even more important now. With the potential for a considerably reduced federal gift tax exemption, now is the time to make significant gifts.
We’re humbled by the way nonprofit organizations have come together to protect and help those in need. In times of hardship, these community leaders truly reflect the strength, resilience, and caring we all need. And they do it with a smile.Please see important disclosures at the end of the video.