charitable

“Wealth-manager advice delves deeply into estate taxes, income taxes, generational planning/trusts, and charitable planning in addition to traditional investment planning,” says the Cooke Financial Group.

That can be helpful for taxpayers who don’t itemize charitable deductions.

If you’re feeling charitable — and you certainly have the means to become a philanthropist — you can always make large tax-deductible contributions, advisers are quick to note, or even establish a foundation.

For people who also give to charity, properly making qualified charitable distributions can lower their tax bill even further, and timing can matter.

Buffett on Berkshire: Despite accelerating his charitable giving to his children’s foundations, Buffett wrote his upbeat outlook for Berkshire hasn’t changed.