How 2018 Tax Law Changes Affect Charitable Gifting
by St. John & Assoc on Jul 6, 2018
Many taxpayers may not yet understand that the 2018 tax regulation changes include an increase in both the standard deduction amount to $24,000 for joint returns, and $12,000 for single returns. These amounts may exceed the amount of itemized deductions for most taxpayers, which can include their medical expenses, interest expenses, charitable contributions, and other taxes.
