2020 year end planning may offer some not-to-be repeated opportunities to take advantage of current low income tax rates and CARES Act provisions.
Reap-Your-Taxes-While-Ye-May Estate Planning
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charitable giving
When Do Charitable Deductions Make a Difference in Your Taxes?
Post the SECURE Act, charitable deductions can make an even bigger difference to both charities and taxpayers.
In Estate Planning Discussions, Philanthropy Should Get Personal
“Philanthropy can be a differentiator,” the CEO of Exponent Philanthopy tells financial planners. “It can strengthen a client relationships over the long term and even extend to multiple generations.” Yet, in a U.S. Trust survey of 100 people with $3 million or more...
Any Time is Now the Right Time for Donating IRA $ to Charity
After you attain the age of 70 1/2, you're required to take a minimum distribution from your retirement plans on an annual basis, regardless of whether or not you need the money. If you don't need your required minimum distribution (RMD) and have a charitable intent,...
Estate Planning with Both Income and a Charity in Mind
“They aren’t for everyone, but this sort of donation could generate income, Eileen Ambrose writes in Kiplinger’s Personal Finance, referring to charitable gift annuities. Typically a contract between you and your alma mater (or other institution), the charitable gift...
