Sustaining the United Methodist Witness

New Tax Laws for 2018

New Tax Reform Legislation raises the standard deduction for income taxes beginning in 2018.  The Congressional Joint Committee on Taxation estimates that the number of taxpayers who will itemize their deductions in 2018 (and thereby get tax savings from charitable gifts) will fall from 40 million under current law to just 9 million under the new legislation.
If you currently itemize, and are financially able to do so, consider giving some or all of next year's gifts to the church before the end of this year.  You can claim your gifts on your 2017 taxes (due April of 2018) and give the church a boost.  This can be done for regular offering, special gifts such as for a capital campaign or endowment.
To qualify, the gift must be made by the end of this year, given in worship on or before December 31 or postmarked no later than December 30.  The check should be dated in 2017 and indicate on the memo line "2018 offering" or other designation. 

When in doubt, reach out to the church office to clarify your intentions.