CNBC recently featured Kaufman Rossin's Todd Kesterson, leader of the firm's private client business, in an article exploring how upcoming tax law changes could impact charitable giving for top earners. The piece discusses how provisions in President Trump's new tax bill will reduce the tax benefits of charitable donations starting in 2026, prompting advisors to recommend accelerating gifts before year-end.
Kesterson noted that many wealthy clients make significant charitable contributions in years when they experience liquidity events, but that "now it's kind of the worst year to make them because the first half percent is not deductible." He anticipates a wave of donations before 2026 as clients act to preserve their full deductions.
These changes highlight the importance of strategic charitable planning for high-net-worth individuals and families. Working with an experienced family office advisor can help optimize giving strategies and preserve philanthropic impact under evolving tax rules.
Read the full article in CNBC
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