The Legislation combines spending and policy priorities from 11 congressional committees and will reshape federal policy across nearly every sector of the U.S. economy. There is a possibility for one or more additional budget...more
8/18/2025
/ Budget Reconciliation ,
Charitable Donations ,
Charitable Organizations ,
Donor-Advised Funds (DAFs) ,
Endowment Funds ,
Excise Tax ,
Scholarship Granting Organizations (SGOs) ,
Tax Credits ,
Tax Deductions ,
Tax Exempt Entities ,
Tax Legislation ,
Universities
For individual clients, the Legislation provides estate and tax planning opportunities, including through the increase in the federal gift, estate and generation-skipping transfer (GST) tax exemptions....more
8/1/2025
/ Estate Planning ,
Estate-Tax Exemption ,
Generation-Skipping Transfer ,
Gift-Tax Exemption ,
Income Taxes ,
Qualified Business Income ,
Qualified Small Business Stock ,
SALT ,
Tax Credits ,
Tax Cuts and Jobs Act ,
Tax Deductions ,
Tax Legislation
To date, there have been three separate legislative acts designed to lessen the hardship created by the coronavirus pandemic. The Coronavirus Preparedness and Response Supplemental Appropriations Act provided emergency...more