Alan Cox, Head of Estate/Trust Planning and Estate Settlement at Ronald Blue Trust, joins Mike to discuss some pending legislation as well as some tax strategies you can implement this year.
- There are different provisions provided by the CARES Act, not only for those who itemize, but also for those who can’t itemize deductions. Talk to your tax advisor!
- There are advantages to giving non-cash assets as well.
- One huge tax advantage is giving charitably by using a Qualified Charitable Distribution (QCD) to meet your Required Minimum Distribution (RMD). Make sure you mention this idea and plan to both your financial advisor and your tax preparer.