YouTube - 2018 Tax Law Changes
In 2018 the tax law has changed in important ways. There are fewer itemized deductions than there used to be. For example, miscellaneous itemized deductions no longer exist. Also, the deduction for state and local income tax and real estate tax is limited to $10,000. Therefore, the deductions that are left, home mortgage interest and charitable contributions, should be thought about in terms of how to maximize your benefit from them. When it comes to charitable contributions, there is a structure called a donor advised charitable fund that you might want to consider. Here's how it works, what it allows you to do, and how to use it as part of your financial planning.
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