Nov 10, 2025 | charities, donations, financial planning
There are several things to consider before year end that could have a positive impact on your tax obligation for 2025. These suggestions may be worth your review.Review and/or maximize the annual gift limit of $18,000.Review your investment portfolio for capital...
Nov 11, 2024 | donations, tax deduction, taxes
Each year the IRS reminds owners of traditional IRAs who are over 70-1/2 that they may make a charitable gift from these funds. This type of gift/donation is known as a qualified charitable distribution (QCD). For those age 73 and over the QCD may fulfill part or all...
Sep 6, 2022 | charities, donations, nonprofits
As we enter the last quarter of 2022 don’t forget our local non-profits. COVID presented non-profits with a host of challenges that they are readily addressing through problem solving. Their mission statements see a need and they are trying to meet these needs...
Sep 7, 2021 | charities, donations, tax deduction, taxes
Now is the time to review your tax situation for this year. Will you be able to take advantage of the updated laws to date and/or get more money for tax credits in 2021? UNDER NEW AND UPDATED TAX LAWS FOR 2021: A charitable contribution is available for those using...
Jan 25, 2021 | charities, donations, tax deduction, taxable income, taxes
Ti’s the season for tax returns. Most of us have experienced unusual social conditions this past year. One thing has NOT changed. As of today our returns will be due April 15th THIS YEAR. This date may change since I am not aloud to e-file until February 2. The...
Sep 19, 2020 | charities, donations, nonprofits, tax deduction, taxes
This year has been both interesting and difficult for all of us. Everyday it seems we need to address another issue in our lives or the lives of our friends/neighbors both near and far away. We all have concerns. What will happen to our children? Will they be prepared...
