Topics: Charitable Giving
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The New Rules for Deducting Charitable Contributions
A goal of the 2025 Tax Act is to lower taxes for many individuals through a number of deductions such as increasing the standard…
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Maximizing Charitable Giving under the OBBBA
The One Big Beautiful Bill, P.L. 119-21, has changed the charitable giving landscape. Individuals, trust, and corporations, will feel the impacts differently. Taxpayers have…
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Maximize Flexibility and Minimize Trust and Estate Taxes with a 642(c) Election
Trusts and estates often make charitable contributions as part of their administration. When done thoughtfully, these contributions can provide not only philanthropic impact but…
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Considerations for Required Minimum Distributions
More than half of Americans have retirement accounts such as 401(k) or traditional IRAs, but many aren’t aware of the Required Minimum Distribution (RMD)…
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Sunset for Higher Gift Tax Exemptions
With many of the provisions from the 2017 Tax Cuts and Jobs Act (TCJA) set to sunset at the end of 2025, so will…
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Gift Tax
The Gift Tax was created to limit the amount you can transfer to someone as a gift, with annual and lifetime exclusions created to…
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Protecting Your Holiday Cheer: A Guide to Preventing Common Holiday Fraud Schemes
The holiday season is a time for celebration, joy, and generosity. Unfortunately, it’s also a peak period for fraudsters looking to take advantage of…
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Year End is Quickly Approaching… Are you Prepared?
Fall is here. The trees are changing colors. Now is the perfect time to start working on your year-end tax planning. We have put…
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Nonprofit Organization Tax Filings: Building the Accounting System to Capture the Right Information
It is not uncommon to see Section 501(c)(3) nonprofit organizations, especially smaller 501(c)(3) nonprofits, not have in place the elements needed within their accounting…
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What you need to know about year-end charitable giving in 2017
Charitable giving can be a powerful tax-saving strategy: Donations to qualified charities are generally fully deductible, and you have complete control over when and…