Year End Tax Tips Continued – 3 Tips for Itemizing Your Charitable Giving
As we approach year-end, I share my final commentary on tax planning in the era of the Tax Cuts and Jobs Act (TCJA). Last time, I covered why it’s now difficult to claim itemized deductions for many taxpayers. Today I offer hope for those charitably inclined. If you are still making meaningful charitable contributions, but find the TCJA makes it more difficult to write off those donations, here are 3 ways you may still be able to write off your charitable giving anyway.
Year End Tax Tips Continued – Standard vs. Itemized Deduction
I’ve been on a roll lately, encouraging readers to revisit their tax planning in light of the Tax Cuts and Jobs Act (TCJA), which went into effect last year. Today, I’ll cover why it’s become so difficult to claim itemized deductions, and what that means to you. After that, I’ll cover how those who are charitably inclined might still be able to periodically itemize their deductions, with a bit of proper planning.
Tax Planning Under the TCJA Continued – Roth Accounts
As I mentioned in my last article, it’s been more than a year since the Tax Cuts and Jobs Act (TCJA) went into effect. Many of us should modify our tax planning as a result. Today, let’s discuss how to take advantage of Roth accounts, given current, lowered tax rates.