Well, it’s funny to able to take the standard deduction and “deduct" your charitable donations. Which not having to declare as income money donated from an IRA effectively allows you to do.Seeing that that is the law, I have made use of it to minimize my tax liability for the past year and will this year (2017 tax year). And if that provision is unaltered, I’ll do it in the 2018 tax year as well. If it has been rescinded, the tax cut law will be a little less helpful to me personally than otherwise. That’s all. I suppose the option of donating stock to avoid capital gains taxation would still be an option . . .
I’m sure you could do both an IRA and a stock charitable donation. I just don’t see how it would save money since you’re losing all the principle of the donations.
I.e., if you donated 20K to a charity to reduce income by 20K you may have lower taxes but you’ve lost the 20K which is much more than the tax you would have paid on that 20K.
Now, setting up your wife or a public trust as a charity -that might work. But I’d guess there are rules about that and getting around it all would be complicated.
There are tons of Capital Advisers on the radio here in Tampa. The competition is stiff so I assume they are the very good at what they do. Graham Capital Advisers and Walser Wealth are prominent. Graham does 30 second wealth management segments on the radio which are very insightful.
http://grahamcapitaladvisors.com