As Congress attempts to prevent the expiration of major Tax Cuts and Jobs Act (TCJA) provisions, it needs to find ways to pay for them. Ideally, it should use the least economically harmful means possible. Eliminating tax exclusions for fringe benefits is one of the best options for policymakers to raise revenue. The largest of such benefits is the tax exclusion for employer-sponsored health insurance. However, there is a smaller, less-discussed option: employer-provided group-term life insurance. [more]

If you're looking to donate less-conventional assets but don't know where to start, this charity executive has answers, such as considering a donor-advised fund (DAF) for its tax benefits and ease of use. An insightful philanthropic plan and tax strategy takes into account the full breadth of a donor’s portfolio, including all non-cash and complex assets. With a thoughtful approach, these types of assets can be used to maximize charitable impact while minimizing tax liability. [more]

As Congress debates expensing and other policies impacting business investment, lawmakers should consider the importance of business investment in research and development (R&D) as a driver for economic growth. Recent studies suggest that the economic benefits of R&D spending are even greater than previously understood. R&D is not just another business expense. Rather, it is a key engine of long-term productivity and innovation. [more]

Donor Advised Funds (DAFs) have become one of my favorite tools for charitable giving, offering flexibility, tax benefits, and control over where and when I give. Think of a DAF as a charitable savings account—I can deposit assets, receive immediate tax benefits, and then distribute the funds to qualified charities over time, according to my own schedule and priorities. One of the biggest reasons I appreciate DAFs is their accessibility and simplicity. With an initial contribution as low as $5,000, they are within reach for many people who want to be strategic about their philanthropy. [more]