Three ways to make the most of your 2021 Charitable Contributions

11-22-2021Tax Information

Many Americans wish to help out their communities and favorite charities through end of year financial support.  Are you able to do it more efficiently?

The easiest was to give is through a check or electronic giving portal.  Cash comes right out of your bank account.  Here are three fairly simple strategies to consider.

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Preparing for 2021 End of Year Taxes

11-14-2021Tax Information

Taxpayers, including those who received stimulus payments or advance Child Tax Credit payments, should take steps now to make filing their tax returns easier in 2022.  Planning will help taxpayers file an accurate return and avoid processing delays that can hold up refunds, the IRS says.

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Get a charitable tax deduction benefit without itemizing!

11-07-2021Tax Information

Did you know you can make a $300 donation (or $600 for a married couple filing jointly) and get a tax deduction – even if you do not itemized your deductions?

The IRS has reminded taxpayers that a special tax provision will allow more Americans to deduct up to $600 in donations to qualifying charities on their 2021 federal income tax return.  It is just for 2021.

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