Generosity
Standard deduction planning: Avoid leaving dollars behind
One of many items on the legislative “watch list” is the standard deduction. In 2026 the standard deduction for individual taxpayers younger than age 65 is scheduled to drop from $14,600 to $8,300 without intervening legislation. While this may spell higher taxes for some taxpayers, the news could be positive…
Charitable Planning in a Shifting Tax Landscape
It’s an election year, which means you may have more questions than answers as you work with your advisors to build out your financial and estate plans. In particular, the looming sunset of key provisions of the Tax Cuts and Jobs Act (TCJA) of 2017 has created some uncertainty. For…
Mid-year Reminders About Charitable Giving
Welcome to summer! We’ve put together six tips to keep in mind as you plan your charitable giving for the coming months, years and even decades. As always, the team at Greater Cincinnati Foundation (GCF) is happy to be a resource! Donate appreciated stock to your fund at GCF. We…
Endow Kentucky Tax Credits Amplify Giving
The Commonwealth Offers Special Tax Savings for Charitable Endowment Gifts Kentucky taxpayers who give philanthropic support in Kentucky deserve some credit! The Endow Kentucky Tax Credit program offers a state tax credit of up to 20% for charitable gifts made to endowments held at qualified community foundations for the benefit…