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Entertainment and Tax Partner Sky Moore shared his insights with GoBankingRates on how President Trump's tax policy could impact charitable donations and tax deductions.

Excerpt

“Business and real estate deductions are dependent on the type of expenses,” said Schuyler M. Moore, partner at Greenberg Glusker. “For donations, they are no longer deductible for the first amount up to 0.5% of the taxpayer’s income.”