There are countless reasons people give to charity every year, from wanting to help out a good cause to not forgetting the help they’ve received in years past to just plain feel-ing good about it. Of course, the tax benefits are nice too! In some instances,...
The new tax law, commonly called the “Tax Cuts and Jobs Act,” is the biggest federal tax law change in over 30 years. Below are some significant changes affecting individuals and businesses. Note: Except where noted, the changes are effective for tax years beginning...
At death, all property of the decedent is included in the gross estate for estate tax. Taxable gifts made after 1976 are added to the total. The estate is allowed deductions for funeral expenses, administrative expenses, decedent’s debts, and state death taxes. Most...
