How to Give to the ACLJ Without Giving Up Your Tax Deduction | American Center for Law and Justice
  Search  |  Login  |  Register

ACLJ Profile Completion

Verified

Give Without Giving Up Your Tax Deduction

By ACLJ.org1552299540000

We wanted you to be aware of a creative way that you can still support the work of the ACLJ without losing your tax deductions. The following from Forbes explains it:

Give To Charity Without Giving Up Your Tax Deduction

Did you finish your 2018 tax return and feel like you missed out on the tax break for charitable contributions? If so, you’re not alone. Thanks to tax law changes, many taxpayers who used to itemize their deductions took the new, higher standard deduction this year—eliminating the benefit of their 2018 charitable giving.

Fortunately, with a little planning and a special vehicle called a donor-advised fund, you can maintain your charitable giving and still enjoy a tax break. Before I explain the strategy, let’s break down why your charitable donations may not have been rewarded by the IRS this year.

The 2017 Tax Cuts and Jobs Act doubled the standard deduction from roughly $12,000 to $24,000 for a married couple filing jointly. The new law also capped state and local tax deductions at $10,000. Taken together, these changes mean many taxpayers who previously itemized their deductions (including charitable donations) are now simply taking the standard deduction.

There’s an alternative approach, though: For individuals who typically make at least $5,000 worth of charitable gifts each year, donor-advised funds offer a way to continue receiving a tax break for supporting your favorite causes. . . .

Read More Here.

Latest in
ACLJ

ACLJ, Members of Congress File in Court On Biden’s Tax Cut Ban (Recap)

By Jordan Sekulow1618002113455

We just took major action in court to fight back against President Biden and the radical Left’s unconstitutional overreach. Today on Sekulow , we discussed the breaking announcement that the ACLJ is filing a critical amicus brief in court to challenge President Biden’s power grab to control state...

read more

This Easter, Do Not Be Afraid, But Remember Our Christian Brothers and Sisters Around the World Facing Violence and Persecution

By Jay Sekulow1617357660000

“Do not be afraid.” Those were the words of the angel who appeared to Mary Magdalene and Mary, the mother of Jesus, according to Matthew 28 : The angel said to the women, “Do not be afraid, for I know that you are looking for Jesus, who was crucified. He is not here; he has risen, just as he said.

read more

ACLJ Presses State Dept. on John Kerry’s Secret Meetings (Recap)

By Jordan Sekulow1616619728081

The ACLJ has filed a FOIA request with the U.S. State Department regarding John Kerry’s secret meetings with Iran. Today on Sekulow , we discussed John Kerry’s clandestine meetings with Iran and how the ACLJ is pressing the State Department to find out what they know about these meetings. You may...

read more

The ACLJ Needed Now More Than Ever (Sekulow Recap)

By Jordan Sekulow1616102069170

Looking ahead, the American Center for Law and Justice (ACLJ) is needed now more than ever. Today on Sekulow, we discuss how the ACLJ is needed, now more than ever. With a Biden Administration that is proving hostile to the foundational principles of our country – and the Constitution itself – the...

read more