Monthly Archives: December 2021

Tax-Free Gifting

Article Highlights: Lifetime ExclusionAnnual ExclusionMedical ExceptionEducation ExceptionGifting Techniques If you are fortunate enough to have an estate large enough to be subject to the estate tax upon your death, you might be considering ways to give away some of your wealth to your family and loved ones now, thereby reducing the estate tax when you [...]

By |2021-12-06T23:33:58-08:00December 6th, 2021|Categories: Uncategorized|Comments Off on Tax-Free Gifting

Tax Tips for Holiday Charity Donations

Article Highlights: Long-Form Itemization RequiredBelow-the-Line Cash Contributions for 2021Qualified Charities OnlyCash DonationsNon-cash DonationsLeave DonationsOther Qualifying DonationsAGI LimitationsYear-End Donations During the holidays, many charities solicit gifts of money or property. This article includes tips for documenting your charitable gifts so that you can claim a deduction on your tax return.  Cash Donations – To claim a [...]

By |2021-12-01T20:34:41-08:00December 1st, 2021|Categories: Uncategorized|Comments Off on Tax Tips for Holiday Charity Donations
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