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Estate & Gift Tax and Charitable Contributions Under the OBBBA

ACTEC Trust & Estate Talk

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Changes to Charitable Contributions and New Excise Tax on Endowments

This chapter explores the upcoming changes to the charitable income tax deduction for itemizers and non-itemizers due to new legislation, with a focus on strategies for maximizing contributions. It also addresses the new excise tax on university endowments and its implications for higher education institutions.

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