WANTED: A Crystal Ball
Humans crave certainty, and that is certainly not what this election season is providing, especially where taxes are concerned.
Your clients who support charitable causes may be wondering how the election outcomes might impact their philanthropic plans. You’re probably wondering that, too!
Of course, no one has a crystal ball. It is impossible to predict tax law changes, and that will still be the case to some extent even after the elections. So much can change between a tax be the case to some extent even after the elections.

So much can change between a tax proposal and what is ultimately enacted into law. Still, you’d at least like to have a general idea. In that spirit, let’s break down at a very high level where the proposals are trending and what might happen with charitable giving depending on the outcome of the November elections.
Presidential Tax Plan Comparison |
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Former President Donald Trump |
Vice President Kamala Harris |
Capital Gains Tax |
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Income Tax |
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Estate Tax |
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Remember that it’s not only the presidential election that will impact tax changes. Passing actual laws depends on the make up of Congress, too. In your research, keep in mind that the Oklahoma-based journalism nonprofit, NonDoc will also keep tabs on all things local.
As always, the team at the Community Foundation stays on top of legal developments impacting techniques that are a good fit for your clients’ charitable planning. We’ll keep you posted during election season and throughout the year.
The team at the Community Foundation is a resource and sounding board as you serve your philanthropic clients. We understand the charitable side of the equation and are happy to serve as a secondary source as you manage the primary relationship with your clients. This is provided for informational purposes only. It is not intended as legal, accounting or financial planning advice.