Complimentary Webinar: OBBBA’s New Rules Change Charitable Planning: Non-Grantor Trusts and Other Strategies to Maximize Benefits
The One, Big, Beautiful Bill Act (OBBBA) will have a significant impact on a myriad of code provisions.
What does OBBBA mean for charitable planning? The new rules are only the tip of the charitable planning iceberg, including an above-the-line contribution deduction, contribution carry over rules, permanently extending the 60% limit for cash contributions to qualified charities, increased standard deduction, 2/37 itemized deduction haircut, excise tax on certain large university endowments, tax credit for scholarships, contribution limitation on corporations, and more.