The Tax Act & Charitable Giving
You may be trying understand how the December 2017 changes to the tax laws via The Tax Cuts and Jobs Act affect you and your family. We’ve prepared a document in order to bring clarity to the changes in the law and to help you understand how you might improve your tax situation.
For those taking an annual Required Minimum Distribution (RMD) from their IRA, or those nearing the age of 70 ½ , please take note, in particular, of the section “Opportunities for Donors” for a strategy that may help you to possibly lower your taxable income.
We hope you find this resource helpful. Please note, the Dominican Friars Foundation does not provide any tax advice and this is offered for informational purposes only. We strongly recommend you seek counsel from professional advisors.
The Dominican Foundation of Dominican Friars Province of St. Joseph, Inc. is a NY State tax-exempt corporation under section 501(c) (3) of the Internal Revenue Code, with
Tax ID # 26-3273636.