A high-income year may be an opportunity to claim a deduction now for charitable payments made over time.

A high-income year may be an opportunity to claim a deduction now for charitable payments made over time.

Today's daily tax planning strategy shows how using a Grantor CLAT allows you fund an account today, deduct the full amount today, and keep any increase in value over the IRS applicable federal rate at the end of the term (which may be millions of dollars). You can even direct this amount to a trust for your children.

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