For some taxpayers, changes in tax law can prompt a reevaluation of giving strategies. Thanks to the OBBBA, qualified charitable distributions may provide more opportunity to maximize giving impact while lowering taxes. Wealth Advisor Brian Tullio was featured in a recent Financial Advisor Magazine article discussing how new tax law makes QCDs more valuable than ever. “Despite not mentioning QCDs, the OBBBA indirectly enhanced the value of QCDs while directly limiting the benefits of itemizing charitable contributions,” he said. “Overall, QCDs remain one of the most simple and effective ways to accomplish annual charitable giving.” Click here for the full article.
