What is a Charitable Lead Annuity Trust (CLAT)?
Taxpayers, especially high-net-worth individuals, commonly experience the issues of high-income taxes and wealth transfer taxes in their financial planning.
How increased charitable giving can improve your bottom line
Liberating your wealth is achieved with a multifaceted financial plan. Charitable giving is a huge pillar of our Centura Wealth’s mission. Charitable giving is a win-win scenario for everyone. You get to invest in an important cause while improving your bottom line.
Charitable Giving: Breaking Down the 60% Deduction
The current low interest rate environment affords savvy financial planners certain tax planning strategies that leverage charitable giving. These strategies utilize charitable contribution limits, as a percentage of Adjusted Gross Income (AGI), to plan and mitigate taxes in the current year and up to the next five. This article explores the new 60% deduction introduced by Tax Cuts and Job Act (TCJA) of 2017.