26 CONCORD HOSPITAL TRUST TheTaxCutsandJobsAct:CharitableStrategiesfor2018 TheTaxCutsandJobsAct,signedintolawbythepresidentinDecemberof2017,isanopportunityforyou,asadonor,tomeetwith youradvisorsandassessthepotentialimpacttheTaxCutsandJobsActmayhaveonyourindividualsituation. Mostofourdonors makecharitablegiftsoutofadesiretocreatepositivechangeinhealthcareinourcommunity.Thenewtaxlawdoesnotchangethat drivingmotivation. Asadonor,herearesomehighlightstothechangesthatmaybeimportantforyou: • Thestandarddeductionnearlydoublesto$12,000forsinglefilersand$24,000formarriedcouplesfilingjointly. • Income-taxratesarelowerformostindividuals. • Individualsandfamiliesmaycontinuetochoosetoitemizedeductions;however,somedeductionsarereducedand/orcapped undertheTaxCutsandJobsAct. • TheFederalestate-taxexemptionfor2018increasesto$11.2millionforindividualsand$22.4millionforcouples. • Theannualgift-taxexclusionincreasesfrom$14,000to$15,000in2018. Somecharitablestrategiestoconsiderthisyear: • Increasecharitablegivingtobenefitfromitemizingdeductions. Ifthetotalofyouritemizeddeductionsisgoingtobeclosetothenewhigherstandarddeductionamount,youmightconsidergivinga littlemoretocharityin2018sothatyourincome-taxcharitabledeductionhelpsyouexceedthestandarddeductionamountandyoucan itemizeandreceivethetaxbenefitsofdoingso. • Makegiftsofappreciatedsecurities. Youcanstillsavecapital-gaintaxesbygivingyourappreciatedsecuritiesownedformorethanayear,akeypartofthetaxlawthathas notchanged. • Makeretirement-plangifts. Asimpleandsmartwaytomakeacharitablegiftisthroughretirement-planbeneficiarydesignations.Whilelovedonesaresubjectto payingincometaxonretirement-plangiftstheyreceive,charitiesarenot.Youcanhelplovedonessavetaxesbygivingthemotherassets andmakingretirement-plangiftstocharity. • MakeanIRArollovergift. Thoseovertheageof70½whohavenotyettakentherequireddistributionfromtheIRAmightasktheirIRAadministratortomakea directtax-freetransfertocharity.Theabilitytomakesuchtransferswasnotaffectedbythenewlaw. • Makeagiftthatcostsnothingnow. Abequestinawillortrustcontinuestobethewaytomakeasignificantgiftthatcostsnothingnow.Therearemanywaystodesignabequest inordertobestmeetyourfamilyprioritiesandcharitableobjectives. Important: Thisinformationisnotmeantastaxorlegaladvice,pleasecheckwithyourfinancialadvisortodiscusswhatmightbebestforyou. Formoreinformation,contactConcordHospitalTrust at(603)227-7162orchtrust@crhc.org.