How to Give on Thanksgiving ... Without Giving Up Your Deductions

As the year winds down, it's time to think of others. You've probably heard that the new tax law has changed how people are giving to charity, but now's when you can put one of two tax-saving plans into action.

(Image credit: imagedepotpro)

While the Tax Cuts and Jobs Act of 2017 simplifies tax filing for millions of Americans by eliminating several deductions in favor of a higher standard deduction, the higher deductions mean that many charitable contributions will no longer have a positive impact an individual’s tax return.

A Surplus of IRA money

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John Bratschi, Investment Adviser Representative
CEO, Prio Wealth

John Bratschi is CEO of Prio Wealth, a $2.7 billion registered investment advisory firm in Boston that helps clients prioritize their financial and life goals. With over 33 years' experience in the financial services industry, John works to integrate each client's individual priorities with their plans and portfolios and gives them a framework to make better choices every day.