donor advised fund – Empowerment Financial Guidance

Notable 2024 Tax Law Changes

By Bill Weihman | February 2, 2024

Each year brings adjustments to the US tax code, and this year is no exception. Some specific changes which could be helpful to you are as follows: Leftover funds in a 529 education account can now be rolled over into a Roth IRA. This reduces the concern about over-contributing to a child’s or grandchild’s 529…

Year-End Charitable Giving in 2020

By Peggy Stephan | October 13, 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…