Jul 10, 2018 | charities, financial planning, tax deduction, taxable income, taxes
Now that the 2017 tax season and filings (not those on extensions)are behind us it is time to be concerned about THIS year and what the changes really mean to you and your family. The first big question/questions this year are “What Can I Still Deduct” and...
Jan 12, 2018 | charities, donations, financial planning, tax deduction, taxable income, taxes
The recently passed ACT is the most sweeping tax legislation since 1986. I will attempt to summarize some of the features that I believe may impact you and your taxes in the years ahead. The provisions that affect individuals are temporary until 2026; those affecting...
Jun 10, 2012 | charities, donations, financial planning, tax deduction
A major problem in our society today is DEBT. It effects all of us directly or indirectly. It keeps us up at night, tears families apart and creates havoc in our lives. While most of us can’t avoid debt; we can manage it by following these basic rules: ...
May 18, 2012 | charities, financial planning, taxes, Uncategorized
We are now in the middle of a two-year window of an opportunity for you to transfer wealth to other individuals. The three opportunities are as follows: Annual Exclusion Gifts – You can give up to $13,000 per year to as many people as you like. The individual...
May 7, 2012 | charities, donations, tax deduction, taxes
Deducting Charitable Contributions may help reduce you tax burden if you keep good records and have the information that is needed should you be audited. A legitimate deduction must be given to a qualified organization. You CANNOT claim a deduction made to a...
Sep 1, 2011 | charities, donations, financial planning, nonprofits, pooled funds, tax deduction, taxable income, taxes
Public charities such as churches can increase their assets over the long term by offering their congregation the opportunity to donate to the church and earn income at the same time. The public charity sets up a “pooled income fund.” The individual...
