Trump plans to sign the tax bill on Jan. 3. If he signed the law in 2017 automatic spending cuts to Medicare of $120 billion in 2018 and other programs would take effect.
Here is what you can still do this year…
It’s Not Too Late
To make sure you see a tax break for this year (when you itemize deductions on your income tax returns), you must make your gift before Dec. 31. Here are a few important things to keep in mind:
Credit Card: A last-minute gift can be made online through Dec. 31 –Click Here
Checks: If you plan to send a gift by mail, we recommend that it is postmarked on or before Dec. 30.
Securities: If you plan to make a gift of stock or mutual funds, please act soon to allow time for processing and to ensure the transfers are executed by Dec. 29.
Read more about year-end tax planning here.
