Americans are still reeling from the recent passage of the Tax Cuts and Jobs Act at the end of 2017, which brought a slew of new tax code changes that were implemented at the start of this year. One of these changes is nearly doubling the standard deduction – which means that the total number of people who itemize their deductions are expected to drop from 30% to 10% in 2018.
However, this update also impacts individuals looking to make charitable contributions directly from their IRAs. Want to know more?
Read Tim’s full article in the Columbia Daily Tribune.
As a financial planner specializing in comprehensive financial planning, Tim enjoys helping clients in Columbia, MO with managing their taxes, financial risks and other financial issues.
If you would like to learn more about this and other personal financial planning topics serviced by Clarity Financial please contact us at 573-447-7007. Clarity Financial, LLC is a fee-only financial advisory firm in Columbia, MO. Appointments are welcome and initial consultations are free.
Certified Financial Planner™ professional
Member of the Alliance of Comprehensive Planners
Member of the National Association of Personal Financial Advisors
Enrolled Agent designation from the IRS
This article is the property of Clarity Financial LLC.
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