Year-end Charitable Gift Planning in 2021

In the last few years, so much has changed about charitable gift planning.  We offer a bit of recent history on the changes, and suggest some strategies that may help you reduce your tax bill while supporting the charities of your choice. In 2018 the Tax Cuts and Jobs Act (TCJA) raised the standard income…

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Year-End Charitable Giving in 2020

The CARES Act passed last March creates some changes in the rules for charitable deductions in 2020, and some which may extend beyond the current tax year.  In addition, there are a number of tax-efficient gifting strategies you may wish to consider, which we’ll be discussing below.  Many charitable organizations are experiencing higher demand than…

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The CARES Act: Stimulus, Relief, and Other New Provisions

The $2 trillion Coronavirus Aid, Relief and Economic Security Act which was signed on March 27th provides funds for health care, state and local governments.  It also contains a number of provisions intended to assist individuals and small businesses who have suffered economic harm due to the pandemic.    Relief for Individuals -Many individuals will…

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