Year-end giving reminder

Year-end giving reminder

Year-end giving reminder: Special tax deduction helps most people give up to $600 to charity, even if they don’t itemize WASHINGTON – The Internal Revenue Service today reminded taxpayers that a special tax provision will allow more Americans to easily deduct up to...
Tax Due Date Extended !

Tax Due Date Extended !

Tax Day for individuals extended to May 17: Treasury, IRS extend filing and payment deadline WASHINGTON — The Treasury Department and Internal Revenue Service announced today that the federal income tax filing due date for individuals for the 2020 tax year will be...
“Above-the-line” charitable deduction

“Above-the-line” charitable deduction

One new provision of the CARES Act passed this past April allows taxpayers to claim a deduction for up to $300 for charitable donations, even if they are taking the standard deduction. However, the requirement for contemporaneous acknowledgement from the donee...