Are you donating money to charitable organizations, but looking for a way to make a larger impact? There are many tax strategies to make your charitable giving go further, but one that is often overlooked is taking advantage of charitable tax credits. What is a Charitable Tax Credit? Some states offer individuals and businesses, who make charitable contributions to certain…
Long gone are the days when most students could work summers and weekends to pay for their college tuition. Over the last several decades, the cost of college tuition has increased by five to eight percent per year, more than double the rate of inflation. If this trend continues, today’s parents of young children could be faced with a price…
After leaving an employer, you will be faced with the decision of what to do with the money saved in your employer-sponsored retirement plan such as a 401(k) or 403(b). Your first instinct is likely to roll the funds into an IRA, but it is important to take a step back and look at the available options and your particular…
Benjamin Franklin is often quoted for his statement, “Nothing can be said to be certain, except death and taxes.” What Ben Franklin did not expound on, however, was that just because taxes are certain, does not mean that they are not everchanging and will not present plenty of uncertainty. Our country’s tax system is a key component in how society…
2020 was a challenging year to say the least. Between the division in our country and the upending of our lives due to the pandemic, many were faced with situations they never imagined having to deal with. We witnessed lost jobs, lost lives, and lost moments. Despite the angst that was felt, there were some rays of hope that cut…