The IRS recently broadcast a newswire announcement in which they outlined Treasury & IRS proposed regulations providing rules on the availability of charitable contribution deductions when the taxpayer receives or expects to receive a corresponding state or local tax credit. We have posted this newswire in our latest blog.

https://www.sharrardmcgee.com/blog.php

Your tax advisor at Sharrard, McGee & Co., PA can help you determine if the proposed regulations will affect your plans for charitable giving. Call today for answers to any questions you may have about how the Tax Cuts and Jobs Act may impact your individual or business tax planning. You can reach us in High Point at (336) 884-0410 and in Greensboro at (336) 272-9777.