The new tax law is in effect and there are changes to be considered. Spoiler alert, tax discussions can be sleep – inducing. You are forewarned! The standard deduction – the amount that all tax filers can deduct from their income each year – was doubled to $12,000 for single filers and $24,000 for joint […]
QCD
Charitable Giving Under the New Tax Act…
The Tax Cuts and Jobs Act passed at the end of last year did not bring good news to the non-profit sector. Historically, taxpayers could either itemize deductions such as mortgage interest, charitable donations and state and local taxes or take a standard deduction. In an effort to simplify and reduce taxes, the new tax […]
