We have a complete tax update service for CPAs, attorneys, CLUs, CFPs, ChFCs, trust officers and other professional friends. The GiftLaw services are made available to all advisors as a free service. We are available to assist in helping you provide clients with clear and understandable gift illustrations.
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The Department of the Treasury recently previewed forthcoming guidance implementing the new federal Education Freedom Tax Credit (EFTC) enacted as part of the Working Families Tax Cuts Act, providing an early roadmap for states, scholarship-granting organizations (SGOs), taxpayers and advisors preparing for the program's anticipated January 2027 launch. Treasury officials indicated that proposed regulations are expected by the end of September 2026 and that taxpayers and participating entities will generally be permitted to rely on those proposed regulations for the 2027 tax year. Under the statutory framework outlined by the Treasury, participation by states is voluntary. States choosing to participate will submit to the IRS a list of eligible SGOs operating within their jurisdictions. Taxpayers who make qualified contributions to approved SGOs may claim a federal income tax credit, subject to statutory limitations and regulatory...
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GiftLaw Pro is a complete charitable giving and tax information service inside the GiftLaw website...
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The GiftLaw Calculator is a planned gifts calculator for professionals that follows the IRS format. Click here to access and run charitable deduction calculations for your favorite gift plan...
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