Would You Be Ready For A Cap On Donations?
President Obama’s proposed budget for fiscal 2015 proposes capping the tax deduction for charitable donations at 28%. It states that the limit would affect only the top 3% of families. […]
President Obama’s proposed budget for fiscal 2015 proposes capping the tax deduction for charitable donations at 28%. It states that the limit would affect only the top 3% of families. […]
Will your donations be more powerful this year? Maybe. Deductions are more valuable when tax rates are higher, and higher-income taxpayers face higher rates in 2013. But the return of […]
As the end of the year approaches, you probably have a pretty good idea of your business’s bottom line. Now it’s time to determine what tax strategies you can implement […]
Are you complying — down to a “T” — with the IRS requirements for acknowledging charitable contributions from your donors? If not, the IRS could disallow your donors’ deductions. This […]
For most individuals, the ordinary federal income tax rates for 2013 will be the same as last year: 10%, 15%, 25%, 28%, 33%, and 35%. However, the fiscal cliff legislation […]
Thanks to the American Taxpayer Relief Act of 2012 (ATRA), taxpayers have some new and renewed incentives to make charitable donations in 2013 and beyond. Unfortunately, in some cases ATRA […]
Individual donations are the lifeblood of many nonprofits and, thus, not-for-profit leaders should have a good handle on why people dip into their pockets and donate money or other gifts. […]