News & Articles

Year-End Moves for Charitable Donations

Posted on Tue, Oct 20, 2020

'Tis almost the season for charitable giving. Besides helping a worthy cause, your donations may qualify for a festive write-off on your 2020 tax return if you qualify. Here are five ways to boost your deduction for charitable contributions if you itemize.  

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Tags: Year-End Tax Planning Strategies, Charitable Giving, Charitable Donations, Tax Cuts and Jobs Act (TCJA)

Midyear Tax Planning Ideas for Individuals

Posted on Wed, Jul 29, 2020

The extended July 15 deadline for filing your 2019 federal income tax return is behind us. Now it's time to think about your current federal tax situation. Tax planning is especially complicated for 2020. There are a lot of moving pieces: The COVID-19 pandemic has caused some people to lose their jobs or take pay cuts. Many investors have suffered financial losses during the crisis — while other people have prospered by taking advantage of COVID-related business and investment opportunities. So, depending on your situation, you may have less (or possibly more) taxable income in 2020 than you did in 2019.

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Tags: Tax Planning, Charitable Giving, RMD, COVID-19, Midyear

How the Current Tax Law Affects Charitable Giving from IRAs

Posted on Mon, Mar 04, 2019

For charitable donors, the Tax Cuts and Jobs Act (TCJA) provided some tax breaks and took away others. Here's what charity-minded individuals need to know.

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Tags: IRA Distributions, Charitable Giving, Charitable Donations, Charitable Contributions, IRA

Ensure You Qualify for Charitable Donation Deductions

Posted on Thu, Jul 12, 2018

Giving to charity can provide you with a warm feeling as well as a nice tax break. But you've got to itemize deductions on your tax return. And, like most tax breaks, charitable deductions come with a number of rules you must follow to actually claim the write-off. Here are the details.

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Tags: Charitable Giving, IRS, Charitable Donations

Save on Taxes While Doing Good

Posted on Wed, Jun 28, 2017

If you own assets that have appreciated significantly over the years, you may be able to profit more by giving them away than by selling them.

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Tags: Charitable Giving, Charitable Donations, Charitable Contributions, Trusts, Beneficiary Designations

It's Time to Review Your Financial Planning Options

Posted on Mon, Aug 29, 2016
Fall is a good time to pause and review your financial planning strategy. A lot can happen in a year. If your personal life, market conditions or tax laws have changed, you may need to revise your long-term financial plans. Here are some retirement and estate planning considerations that may be worthwhile.

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Tags: Roth IRA, Traditional IRA, Gifts, Charitable Giving, Charitable Donations, Roth IRA Conversion

Charitable Giving: Which Americans Are the Most Generous?

Posted on Mon, Sep 09, 2013

Economic recovery seems to foster generosity. The 2013 Giving USA study finds that contributions to charitable organizations are up, but they have a long way to go to return to pre-recession levels. The study and another recently released survey shed light on the latest demographic and technological trends that affect charities. This article reveals which Americans are the most generous and how they use the Internet to make donations, as well as the tax rules you must follow to claim deductible contributions on your tax return. 

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Tags: non-profit consulting, EHTC Services, Charitable Giving, business consulting, CPA Firm, Articles, Echelbarger, Generational Giving, EHTC