May Advocacy Update

“The One Big Beautiful Bill” passed last July changed Section 68, formerly known as the 3% Pease Limitation on itemized deductions. The “old” Section 68 did not apply to trusts and estates, but some have argued that “new” Section 68 applies to nongrantor lead trusts, pooled income funds, and other charitable techniques. Emil Kallina, Managing Member of Kallina and Associates, will briefly address the statute, Congressional history, and legislative intent underlying this new provision.

Legislative Update with Integer

Catch the latest developments on efforts to expand charitable giving by allowing Qualified Charitable Distributions (QCDs) from all retirement plan types, movement on the legislature on the IRA Charitable Rollover Facilitation and Enhancement Act, and an update on the RIFT project that has seen significant progress in the passing of state laws to improve Charitable Beneficiary Distributions from IRAs.