Trump Tax Plan

IRA giving can lower Medicare premiums as well as taxable income?

Image result for money ira rmd cartoonYes, for those over age 70.5 who are now required to take their RMDs (required minimum distributions) from retirement accounts, the extra income from the RMD could cause an increase in Medicare premiums!  In other words: if your age 70.5+ supporter sends his or her RMDs to your charity (you must reach that age to use this law!), they will not only be lowering their taxable income but also possibly lowering their medicare premium costs!  (IRA rollover gifts can be used to satisfy RMD requirements!)

Here is a good article on it that goes into the details on the medicare premium issue: http://www.investmentnews.com/article/20170221/BLOG05/170229982/using-iras-to-reduce-medicare-premiums

The point for fundraisers is this:  you need to get comfortable with IRAs and the basic retirement planning!  IRA rollover gifts can be up to $100,000! Your 70.5 and older donors should already be using it for annual gifts!

Anyway, if you haven’t noticed, I have given several presentation on the new tax plan and will be giving one again TOMORROW 6/13 at NOON EASTERN!  Click here to learn more or register (NOTE THAT IT WILL BE RECORDED AND ALL REGISTRANTS WILL RECEIVE THE RECORDING LINK, TOO, EVEN IF YOU REGISTER AFTERWARDS)

 

Interesting opportunities as a result of the new tax law

Image result for Interesting opportunities cartoonSlowly, we are starting to realize there are interesting opportunities as a result of the new tax law.  Many will take months or longer to come out.

Here is one – in addition to the most obvious that people with estate planning attorneys are likely going back to them as we speak:

No longer needed life insurance!

Yes, many life insurance policies were created specifically to pay any federal estate tax liability – saving the principal of the estate for the family.

But now the estate tax exemption just jumped to $11.2 million per person from $5.6 million per person.  In other words, anyone who had such a life insurance policy should be talking to their insurance/financial planner.  Why not do something charitable with that policy?

Want to get up to speed on the new tax law and various planned giving options?

CLICK HERE TO SEE MORE ON OUR NEXT PLANNED GIVING BOOT CAMP

CLICK HERE TO SEE OUR SUMMER LINE UP WEBINAR TRAINING SESSIONS

Sorry – You may have missed our Donor-Friendly Webinar on the New Tax Law BUT you can register to receive the recording

On Jan. 22, we gave a Donor-Friendly Webinar Briefing on the New Tax Law (goal being that you can use the content for your own donor-friendly briefings and/or invite leadership to join the webinar).  This was the predominant request from among our 250 attendees to our initial briefing on the new tax law from last week (see below for comments on that session). 

CLICK HERE TO PURCHASE THE RECORDING OF OUR DONOR-FRIENDLY BRIEFING ON THE NEW TAX LAW

In addition to receiving the actual PowerPoint and the recording link, you will also receive draft donor-friendly pamphlet language – included with your registration. 

Here is our first comment:

After sitting in your Tax Bill Seminar, I knew today’s seminar was something I needed.  Unfortunately, I joined in late and didn’t download the presentation.  Can the presentation be emailed to me?  And, I’m definitely looking forward to the information coming out in “donor” language in the next couple of weeks.  Really appreciate your explanations and not the typical “sky is falling” hype we’ve been getting.

Thank you as always for considering our programs.

Our Tax Briefing on Monday (1/8/18) was also a huge success – over 250 attendees logged-in to hear key points for nonprofit fundraisers on the new tax law!  CLICK HERE IF YOU WANT TO PURCHASE THE RECORDING

Sampling of comments we received after Jan. 8 Tax Law Briefing for Nonprofit Fundraisers:

“Thanks for the webinar today. Any chance you’d be interested in holding a seminar for donors about how the new tax bill might affect their charitable giving.”

“Thanks for your excellent presentation!”

“Thank you for the presentation last week.”

“Nice job on the presentation today.”

“Thoroughly enjoyed and was educated by your webinar today.”

“Thank you so much for an informative session this morning!”

“Thanks so much for the webinar presentation today regarding the 2018 Tax Law changes — I found it to be very helpful.”

“Thoroughly enjoyed the presentation this morning and got a number of questions answered, plus good direction for the future with the 70 1/2s and their IRAs. Thanks!”

Last Call for Monday’s Donor-Friendly Webinar on New Tax Law

This Monday – Jan. 22 – at 12 pm EST, we are offering a Donor-Friendly Webinar Briefing on the New Tax Law (goal being that you can use the content for your own donor-friendly briefings and/or invite leadership to join the webinar).  This was the predominant request from among our 250 attendees to our initial briefing on the new tax law from last week (see below for comments on that session). 

CLICK HERE TO LEARN MORE OR REGISTER FOR OUR DONOR-FRIENDLY BRIEFING ON THE NEW TAX LAW

In addition to receiving the actual PowerPoint and the recording link, you will also receive draft donor-friendly pamphlet language – included with your registration. 

Thank you as always for considering our programs.

Our Tax Briefing on Monday (1/8/18) was a huge success – over 250 attendees logged-in to hear key points for nonprofit fundraisers on the new tax law!  CLICK HERE IF YOU WANT TO PURCHASE THE RECORDING

Sampling of comments we received after Jan. 8 Tax Law Briefing for Nonprofit Fundraisers:

“Thanks for the webinar today. Any chance you’d be interested in holding a seminar for donors about how the new tax bill might affect their charitable giving.”

“Thanks for your excellent presentation!”

“Thank you for the presentation last week.”

“Nice job on the presentation today.”

“Thoroughly enjoyed and was educated by your webinar today.”

“Thank you so much for an informative session this morning!”

“Thanks so much for the webinar presentation today regarding the 2018 Tax Law changes — I found it to be very helpful.”

“Thoroughly enjoyed the presentation this morning and got a number of questions answered, plus good direction for the future with the 70 1/2s and their IRAs. Thanks!”