Earlier this year, I wrote an article entitled Strategies to Make Your Charitable Giving Go Further that discussed some of the tax efficient ways to donate to your favorite charities. Included in the article were strategies that were only available for the 2020 and 2021 tax years, such as the charitable deduction for those who do not itemize. Despite what…
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…
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…