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ACT BEFORE DEC 31 TO INCREASE THE TAX BENEFITS OF YOUR CHARITABLE GIVING
Although the new tax legislation maintains the itemized charitable deduction; because the size of the standard deduction is doubled it will significantly reduce the number of taxpayers who itemize. This will effectively eliminate the income tax charitable deduction for those affected. If you are among this group, accelerating your 2018 Eagle Fund giving into 2017 could benefit you*; especially if your expected itemized deductions in 2018 are in the following ranges: • Married filing jointly: $12,700 to $24,000 • Single: $6,350 to $12,000 Additionally, even if you will still itemize, lower marginal tax rates in 2018 mean a greater tax benefit for deductions made in 2017 vs 2018. The SSA greatly appreciates the annual support of it members though the Eagle Fund; and we also want you to get the maximum benefit from your generosity. Facebook users can make an immediate donation online at https://www.facebook.com/donate/2000432820171967/ If you do not participate on Facebook, donations may be made via the SSA Store at http://store.ssa.org/cgi/display.cgi...le=Eagle-Fund- You may also call the office @ 575-392-1177 to donate via credit card or mail your check to: SSA Eagle Fund PO Box 2100 Hobbs, NM 88241-2100 For more information or questions contact us at or call Denise Layton @ 575-392-1177 Thank you very much for your support. * The SSA cannot provide individual tax advice. Please consult your tax advisor to determine how the tax laws may apply to your donation. |
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