Your Charitable Donations are Tax Deductible

Your Charitable Donations are Tax Deductible

American taxpayers who take the standard deduction can deduct a modest amount for charitable contributions on their 2021 tax returns. The ability for many taxpayers to take deductions disappeared with the Tax Cuts and Jobs Act (TCJA) of 2018. The TCJA roughly doubled...
Should I Still Save My Donation Receipts?

Should I Still Save My Donation Receipts?

By now you may be familiar with the basic changes in the new tax law passed by the US Congress in December. While there are many facets to the new tax bill, I see four changes that have the potential to change many families and individuals’ income taxes: 1. The tax...