WrapManager's Wealth Management Blog
When life changes, we can help you thoughtfully respond.

Tax Reform Favors Charitable Giving From IRAs Finds Lord Abbett

Posted by WrapManager's Investment Policy Committee

April 19, 2018

Qualified charitable distributions (QCD) are poised to become even more popular under the new tax law. 

While the Tax Cuts and Jobs Act (TCJA) generally doubled the standard deduction, while eliminating many itemized deductions, financial advisors will want to update their clients on the potential tax-saving benefits of qualified charitable deductions (QCDs) now that they have been made permanent.

Remember that a charitable contribution is itself an itemized deduction, so most taxpayers will no longer receive the full deduction value—unless all other itemized deductions exceed the standard deduction amount. In other words, far fewer taxpayers will itemize, thus fewer taxpayers will be able to take advantage of the deduction for charitable giving.

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Economic/Market Outlook Lord Abbett Company Llc Money Manager Commentary

Nuveen Believes Market Fundamentals Remain Solid Over the Long-Term

March 29, 2018
Are investors overly pessimistic about downside market risks? While fundamentals haven’t changed significantly, volatility has picked up ... [+] Read More

Nuveen Weighs the Effect of Trade Tariffs & Investors Bidding Up Stock Prices

March 15, 2018
Investors look past trade risks as stocks gain ground... President Trump’s proclamation of 10 - 25% trade tariffs dominated most of the ... [+] Read More

US Economy: The Current State of Affairs

March 14, 2018
When it comes to the current state of the US economy, it is difficult to find many problems. In fact, the data and trends appear to support ... [+] Read More

BlackRock Evaluates Short-Term Treasuries

March 8, 2018
Long on Short Bonds... The steady increase in shorter-maturity bond yields provides a thicker cushion against concerns around further rises ... [+] Read More

Brookmont Capital Management Named Top Guns Manager by Informa Investment Solutions

March 1, 2018
Brookmont Capital Management has been awarded a Top Guns designation by Informa Investment Solutions’ PSN manager database, North America’s ... [+] Read More

Nuveen Evaluates Environment for Market Growth, Volatility

February 22, 2018
Stocks recover ground as the focus returns to fundamentals... Stocks rebounded last week as investors appeared to return their focus to ... [+] Read More

BlackRock Commentary: An Upside U.S. Growth Surprise

January 31, 2018
A tax overhaul in the U.S. could spill over to  benefit the global economy.  The U.S. tax overhaul and higher expected federal spending ... [+] Read More

Nuveen Evaluates Rising Risks, Recommends Pro-Growth Bias

January 25, 2018
We are not yet seeing warning signs that would signal a correction... Over the past 18 months, investor sentiment appears to have come full ... [+] Read More

BlackRock Evaluates Tax Overhaul Winners and Losers

January 18, 2018
Investors need to look beneath the surface to identify the longer-term winners... The Tax Cuts and Jobs Act is poised to boost a U.S. ... [+] Read More