Why A $3.3 Million Lunch With Warren Buffett Is A Good Tax Move In 2018

Wall Street Journal, Winning Bid to Have Lunch With Warren Buffett: $3.3 Million
Forbes, Why A $3.3 Million Lunch With Warren Buffett Is A Good Tax Move In 2018:

Earlier this week, a charity auction to have lunch with Warren Buffett resulted in a winning bid of $3,300,100. The winning bidder, who has chosen to remain anonymous, won the right to eat with the billionaire at Smith & Wollensky steakhouse in New York City. The annual lunch with Buffett benefits Glide Foundation, which offers food, shelter, health care and other services to homeless and low-income people in San Francisco.

When you have the means to spend $3 million on lunch, you might not be looking for a tax break. But in this case, the bidder may qualify for one. Here's why it could make good tax sense this year:

1. Bunching. ...
2. Higher Contribution Limits. ...
3. No more Pease limits. ...
4. Record-keeping rules are still in place. ...