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" ... 1 percent sounds low, but 1 percent of what? All taxpayers? All itemizers? Taxpayers who contributed to these programs last year? In any event, many more taxpayers may have expected to benefit from these pre-existing programs, and from the SALT workarounds, after the TCJA. That hope, for now, may be dashed for contributions after the proposed effective date of August 27, 2018. ... "
" ... The reason charitable trusts and gift annuities make more sense now than before the new tax law is that by increasing the standard deduction, the new law dramatically cuts the number of taxpayers who will benefit from itemizing deductions, including deductions for charitable donations. Still, the new law keeps the charitable deduction in place for itemizers. And it eliminates a pesky rule -- the Pease provision -- that limited deductions for high income taxpayers. Now by making a big one-time gift upfront to a CRT or a CGA (you transfer assets, ideally appreciated stock, to the charity), you’ll be able to snag the deduction. ... "
" ... Why does the MID have such a disparate impact by income group? Because the MID is available only to the one third of taxpayers who itemize their deductions. These are mainly in the top half of households by income, with the highest percentage of itemizers in the top income tax bracket. Moreover, the MID is more valuable to itemizing taxpayers in the highest tax bracket than to middle-income taxpayers in lower tax brackets. ... "