One of the major lessons learned from KETRA legislation last fall is the importance of the 30% and 50% limitations on charitable deductions for federal income tax purposes. Every year, hundreds of thousands of individual taxpayers reach these limits and report many billions of dollars in carry-forward deductions. For instance, IRS reports for the 2003 …Read More

On January 1, 2006, ongoing changes in federal estate tax laws will usher in a new era in charitable gift planning. Whether donors are considering a gift in the form of a bequest through a will, the remainder of a retirement plan, a gift of life insurance proceeds, or other means, estate tax considerations will …Read More