Charitable donation strategies for the masses {PFP Section}

American Institute of CPAs - Personal Financial Planning (PFP)

Guest: Steve Siegel, J.D., LL.M.

The CARES Act introduced new rules in 2020 to encourage donations to charitable organizations during the pandemic. In this PFP Section podcast, Steve Siegel discusses:

• 2020 charitable contribution rules for individuals and business to be aware of when filing tax returns
• 2021 giving strategies, including changes made to the above the line deduction and increased penalties for improperly claimed deductions
• Common mistakes or misses to be on the lookout for with your clients related to estate, gift, and trust charitable deductions

Access resources related to this podcast: Note: If you’re using a podcast app that does not hyperlink to the resources, visit http://pfplanning.libsyn.com/ to access show notes with direct links.

• Use Steve’s Adviser’s Guide to Financial & Estate Planning as a reference library for a deep technical dive on charitable planning and much more.
• Check out Broadridge Advisor for client facing resources to educate and communicate with your clients about giving and many other planning topics.

This episode is brought to you by the AICPA’s Personal Financial Planning Section, the premier provider of information, tools, advocacy and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice. Also, by the CPA/PFS credential program, which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online at www.aicpa.org/pfp to join our community, gain access to valuable member-only benefits or learn about our PFP certificate program.

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