Are My Publications Up to Date?

sharpe publications up to date

The Tax Cuts and Jobs Act of 2017 (TCJA) continued the trend toward reducing the impact of federal estate and gift taxes on personal estate planning. Effective January 1, 2018, the act doubled the estate and gift tax exemption, increased the annual gift tax exclusion and repealed the Pease limitation. Read on for more details and check with your advisors for latest amounts.

The Protecting Americans from Tax Hikes Act (PATH) of 2015 extended and made permanent a number of popular tax breaks, including the charitable IRA provision for those aged 70 1/2 and older.

Also the American Taxpayer Relief Act (ATRA) was passed by Congress in 2013. Combined with the Medicare surcharge tax  are numerous changes that will affect tax incentives for various current and deferred gifts.

Sharpe’s updated publications reflect changes in the laws as a result of TCJA, PATH and ATRA. To assist you in reviewing materials you have now, check for references to the following:

  • The American Council on Gift Annuities suggested payment rates on charitable gift annuities effective January 1, 2012, were reaffirmed in November 2015. (See the ACGA website for more information.)
  • The accurate income tax rates that should be used in publications are 37%, 35%, 32%, 24%, 22%, 12% and 10%. Most Sharpe publications use rates that have been included in possible tax reform legislation.
  • References to the gift and estate limits should be $10 million for individuals, $20 million for married couples, indexed for inflation; for 2018, the limit is approximately $11.18 million for singles and $22.36 million for married couples.
  • The maximum rate for gift and estate tax was raised to 40% in 2013.
  • References to $12,000, $13,000 or $14,000 annual exclusion amounts are no longer accurate. The exclusion has been raised to $15,000.
  • The Charitable IRA provision was extended and made permanent in 2015.
  • The maximum rate for most capital gains and dividend income was increased from 15% to 20%.
  • The 3.8% Medicare surcharge tax is added to the lesser of net investment income, including capital gains, or the amount one’s income exceeds the threshold amount.
  • The Pease limitation, that reduced the benefit of itemized deductions for some high-income taxpayers, was repealed.

Materials with content that is not accurate in light of the above may be obsolete and should be replaced with updated publications. Versions printed in 2018 may be preferred because of updated and revised copy. If you have questions, please contact us at orders@sharpenet.com or call us at 901-680-5300.

Brochures

Item #             Title OK to Use?
1116B-08 The State Has Made Your Will Yes
1126B-08 When Should a Woman Have a Will? Yes
1136B-12 Eleven Things to Remember Yes
1146B-15 You Never Need to Change Your Will Unless Yes
1416-14 Has Congress Changed Your Will? Yes
1612B-14 How a Will Works for You Yes
1632B-16 An Estate Planning Quiz Yes
2020B-15 Questions & Answers About Life Insurance Yes
2021B-18 Questions & Answers About Retirement Plan Giving Yes
2021B-17 Questions & Answers About Retirement Plan Giving No
2024B-16 Questions & Answers About Wills and Bequests Yes
2024B-14 Questions & Answers About Wills and Bequests Yes
2025B-17 Questions & Answers About Estate Planning Yes
2025B-15 Questions & Answers About Estate Planning Yes
2026B-17 Questions & Answers About Gift Annuities Yes
2026B-15 Questions & Answers About Gift Annuities Yes
2027-04 Questions & Answers About Giving for Income Yes
2031B-15 Questions & Answers About Giving Securities Yes
2032B-15 Questions & Answers About Estate Planning for Women Yes
2033B-09 Questions & Answers About Deferred Payment Gift Annuities Yes
2035B-15 Questions & Answers About Giving Real Estate Yes
5000-16 Five Ways to Make the Most of Your Gifts Yes
5000-14 Five Ways to Make the Most of Your Gifts Yes
8222-18 The Charitable IRA Yes
8222-16a The Charitable IRA Yes
MEM8-08 Giving Through Living Memorials No
TFG9-07 Thanks for Giving (Type) Yes

 

Booklets

 Item # Title OK to Use?
110A-16 37 Things People “Know” About Wills That Aren’t Really So Yes
110A-13 37 Things People “Know” About Wills That Aren’t Really So Yes
130ZA-18 Giving Through Your Will Yes
130ZA-15 Giving Through Your Will No
140ZA-18 How to Make a Will That Works Yes
140ZA-17 How to Make a Will That Works Yes
180ZA-18 How to Protect Your Rights With a Will Yes
180ZA-14 How to Protect Your Rights With a Will No
211ZA-18 Giving Through Gift Annuities Yes
211ZA-16 Giving Through Gift Annuities No
220A-18 Planning for the Future (formerly Reflecting on Tomorrow) Yes
220A-16 Planning for the Future (formerly Reflecting on Tomorrow) No
310ZA-18 Giving Securities Yes
310ZA-17 Giving Securities No
410ZA-18 Giving Through Living Trusts Yes
410ZA-17 Giving Through Living Trusts No
430ZA-18 Giving Through Life Income Plans Yes
430ZA-15 Giving Through Life Income Plans No
450ZA-18 Giving Through Charitable Remainder Trusts Yes
450ZA-17 Giving Through Charitable Remainder Trusts No
460ZA-18 Giving Through Charitable Lead Trusts Yes
460ZA-15 Giving Through Charitable Lead Trusts No
510ZA-18 Giving Through Life Insurance Yes
510ZA-15 Giving Through Life Insurance No
610ZA-18 Better Estate Planning Yes
610ZA-17 Better Estate Planning No
710ZA-18 Giving Real Estate Yes
710ZA-17 Giving Real Estate No
730A-17 Personal Financial Affairs Record Yes
730A-15 Personal Financial Affairs Record Yes
820ZA-18 Giving Through Retirement Plans Yes
820ZA-17 Giving Through Retirement Plans No
925ZA-18a Your Guide to Effective Giving After Tax Reform Yes
925ZA-18 Your Guide to Effective Giving After Tax Reform Yes
930A-16a Charted Giving Plans Yes
930A-16 Charted Giving Plans Yes

 

Booklets (Specialty)

 Item #         Title OK to Use?
170-16 Personal Financial Affairs Record (Larger Version) Yes
170-14 Personal Financial Affairs Record (Larger Version) Yes