2021… IRS Tax Tip: Most taxpayers can deduct up to $300 in charitable contributions without itemizing deductions 4 Jan 202127 Dec 2020 COVID Tax Tip 2020-170, December 14, 2020 Following tax law changes, cash donations of up to $300 made this year by December 31, 2020 are now deductible without having to…
2020… ABLE Accounts – Final Regulations 31 Dec 20203 Dec 2020 ABLE (Achieving a Better Life Experience) accounts are for eligible individuals with a disability – they are tax-favored savings accounts to which contributions can be made to help pay for…
2020… 9 Things to Do Before Year-End to Reduce Your Tax Bill 3 Dec 20201 Dec 2020 Who doesn’t want to pay less taxes, as long as it’s legally permitted? Here are nine tips to consider taking action on before 2020 comes to a close. Maximize Retirement…
Tax Deductions CARES Act: Charitable Giving Changes Due to COVID-19 13 Aug 20201 Dec 2020 COVID-19 has presented unique opportunities for charitable giving for the 2020 tax year, which has been addressed in the new Coronavirus Aid, Relief, and Economic Security (CARES) Act. Under the…