Even with a government shutdown averted (at least for now), there are still plenty of legislative loose ends that we’ll help you keep an eye on. Changes could directly or indirectly impact your clients’ overall charitable and estate plans.
Here’s what we’re tracking:
- General economic concerns if the debt ceiling is not raised
- Implications of the infrastructure bill on the nonprofit sector as a whole
- Specific tax changes that could occur under the Build Back Better plan
- Potential expansion of charitable deduction opportunities for non-itemizers
If and when these or other legislative actions edge closer to becoming laws that could impact your clients’ charitable planning priorities, we’ll provide an update.
Regardless of what happens with the legislative agenda, we’re encouraged that the role of community foundations has become increasingly important in supporting your clients’ desires to improve the quality of life in the communities they love. (On that note, you might enjoy this inside baseball book excerpt as much as we did!)