Wednesday, December 9th, 2020
Starts at 2:00 PM
Join us for a free webinar hosted by experts Benjamin J. Voelker, Director, Trust Specialist, Merrill Lynch, and Benjamin J. Kelly, Partner Husch Blackwell.
They will present how to benefit from the Cares Act’s Charitable Giving Provisions. The provisions include the Universal Charitable Deduction and Adjusted Gross Income Limitation.
Webinar topics
- Individuals taking standard deductions can take up to $300 in above the line deductions for qualified charitable gifts to 501c3 nonprofits.
- Individuals who itemize can deduct up to 100% of their taxable income via qualified charitable donations in 2020 (used to cap at 60%). If you previously itemized, you are now incentivized to save every donation receipt.
- Corporations who itemize may deduct up to 25% of income (up from 10%) and food donation deductions up to 25% (up from 15%).
The temporary measure of the CARES Act provides savings in tax liability on your 2020 taxes from your qualified charitable donations this year.
Limited Space Available - Register Today!
*Written as of 3/26/2020 based on CARES Act proposed and anticipated to pass the US House, passed by the US Senate. The information provided does not substitute for the advice of your tax advisor or attorney. Please see your tax advisor or attorney for full advice on implications of the CARES Act.
Benjamin J. Kelly, Partner, Husch Blackwell
Ben designs and implements sophisticated estate plans for high-net-worth individuals. From the moment he starts talking with a client, their family becomes his family. He uses a variety of financial vehicles to create customized approaches that help his clients succeed from both a business and personal standpoint.
Ben’s interest in financial solutions dates to age 24 when he and his wife found out they were expecting twins. After setting up an estate plan for his growing family, Ben discovered his professional calling: helping families protect themselves and providing them financial peace of mind. Ben left his job as a financial advisor and pursued his law degree with the sole focus of becoming an estate planning attorney. Learn more
Benjamin J. Voelker, Director and Trust Specialist, Merrill Lynch
Ben is a Director and Trust Specialist with the Retirement and Personal Wealth Solutions group at Merrill Lynch. In that role, he works with financial advisors at Merrill Lynch to help them offer customized, multi-generational trust and legacy planning solutions to their ultra-high-net-worth clients. He also offers philanthropic planning and fiduciary consulting. Ben conducts educational seminars for local and national organizations, including not-for-profit groups.
In 2006, Ben joined Merrill Lynch as an Internal Trust & Estate Specialist. Ben assumed his current specialist role at Merrill Lynch, in 2008, based in Phoenix where he serves the Arizona, Southern California, and Nevada markets.
