Dec. 13, 2012
There's still time to make year-end deductible gifts to charity
Although tax rates are rising in 2013, that doesn't mean you'll get more from making charitable contributions next year.
Robert W. Wood
Managing Partner, Wood LLP
333 Sacramento St
San Francisco , California 94111-3601
Phone: (415) 834-0113
Fax: (415) 789-4540
Email: wood@WoodLLP.com
Univ of Chicago Law School
Wood is a tax lawyer at Wood LLP, and often advises lawyers and litigants about tax issues.
Year-end is traditionally the time for giving, and some advisers suggest making 2012 a big year for contributions. Although tax rates are rising in 2013, that doesn't mean you'll get more from making charitable contributions next year. It's the season, plus it's your last chance to make a donation and write it off on your taxes. That encourages philanthropy.
Many charities are making a big push this year, due in part t...
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