Under the Tax Cuts and Jobs Act of 2017, charitable deductions are one of the few deductions still available. If a married couple want to make a large charitable contribution – with pre-tax money – the In-Marriage QDRO can do the trick.
It is best if your accountant runs the numbers, but it is generally a wise tax strategy to use pre-tax money from a tax-qualified vehicle like a 401(k) to make a charitable contribution. The charitable deduction can reduce the couple’s tax bill and the real economic cost of making the contribution is less than if post-tax money was used.
I’m the only attorney in Nebraska who knows how to do an In-Marriage QDRO. Call me at 402-915-0097 or email me at [email protected] for more information.
