Tax Deductions

[Gregory Matthews]

An interesting change to the law:

https://www.msn.com/en-us/money/taxes/new-tax-rules-change-how-much-americans-can-deduct-from-donations/ar-AA1JF2XN?ocid=msedgdhp&pc=DCTS&cvid=141313b35beb498ea7956df83609d374&ei=19

 

"But in order to fund that new deduction, high-income donors now face limits. If a taxpayer itemizes, the first half-percent of their donations is not deductible. As for Americans in the top tax bracket, their deduction will be capped at 35% instead of 37%."