As the holiday season and end of the year approach, many think about meaningful ways to give. While the primary purpose of giving is to provide support to charities and those in need, there are also some significant tax benefits. Here are a few strategies to consider as you think … Continued
Check out our Year-End Booklet, Perspectives! Click to view.
The term “tax season” might make you think about the dreaded task of collecting W-2s, 1099s, donation receipts, mortgage interest statements, and all the other documents needed to complete your tax return. Tax season certainly involves all of that, but it also can be a great opportunity to work with your … Continued
Earlier in March, the IRS announced a 2020 federal income tax filing deadline extension for individuals to May 17, 2021. Some states, including Maine and South Carolina, also extended their 2020 individual income tax deadline to May 17, 2021. It is important to note that the IRS did not extend … Continued
It is hard to believe that the days are already growing shorter. Before we know it, the end of the year will be upon us, which means tax planning season is just around the corner. At present, there is much uncertainty surrounding the upcoming tax season. Earlier this year the … Continued
With the holiday season and end of year almost upon us, many are finding their “to-do” list is quickly growing. Here are 8 items we want to ensure are on your end-of-year checklist: Maximize your retirement contributions. If you are eligible to participate in a 401(k), 403(b), or 457 plan, … Continued
As the end of the year draws closer and the holiday season approaches, our thoughts often turn to generosity and gratitude. Year-end giving is not only a way to spread joy and hope, but also a strategic opportunity to align your philanthropic goals with your financial well-being. Let’s explore the … Continued