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Charitable Giving

Charitable Contribution Strategies under the New Tax Law

The itemized deduction for charitable contributions may have less income tax-saving benefit for some taxpayers starting with the 2018 tax year. This is due to a substantial increase in the standard deduction and the elimination or reduction of other itemized deductions. The new law increases the standard deduction to $24,000 for married couples and to… More >

How to Tell If a Charity is Legitimate

The IRS recently warned consumers of possible fake charity scams relating to recent South Carolina flood victim relief. Following natural disasters or catastrophic events, scam artists often impersonate charities to collect money or personal data from well-intentioned donors. Whether donating to assist after a specific crisis, or with recurring planned gifts, one can take steps… More >