The COVID-19 relief law: What’s in it for you?
Can you benefit from the massive new Consolidated Appropriation Act signed into law? Here are some of the tax highlights for individuals.
Retirement Plan and Charitable Contribution Rule Changes
During the COVID-19 crisis, many people and charitable organizations need cash. The new CARES Act may provide some solutions.
There’s Still Time To Get Substantiation For 2018 Donations
Don’t take the substantiation requirements for charitable donation deductions lightly. If you made a gift last year and haven’t received a written acknowledgment from the charity, read this before claiming a deduction on your 2018 income tax return.
Tax Benefits for Donating Appreciated Stock
For certain charitably inclined taxpayers, donating appreciated stock to charity can be an excellent year-end tax planning strategy. This may be especially true if the stock is highly appreciated and you’d like to sell it but are worried about the tax liability.
Charitable Deductions
December’s Tax Cuts and Jobs Act preserves the charitable deduction. But you still might find that you don’t enjoy the same tax benefits from charitable giving in 2018 as you do on your 2017 return.