As part of fpPathfinder’s ongoing commitment to our members, we systematically review our ever-increasing roster of checklists, flowcharts, and summary guides. As a result, they are subject to updates.
Charitable Deduction Clarification
Members will find three updated checklists that reflect the charitable deduction clarification for taxpayers claiming the standard deduction for 2021. The deduction is up to $300 for Single filers and $600 for Married Filing Jointly but will not reduce AGI. The change is one that many financial advisors and tax planners may have missed when it was signed into law late last year. You can read more about this on ThinkAdvisor.
In addition to the clarification, you will discover bonus planning points and other revisions that improve the checklists:
- What Issues Should I Consider Before The End Of The Year? (Updated 10/05/2021)
- Issues To Consider In Client Annual Review Meeting (Updated 10/05/2021)
- What Issues Should I Consider When Establishing My Charitable Giving Strategy? (Updated 10/05/2021)
If you have questions, please email [email protected]. Our team is with you every step of the way.