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. […]
Make The Most Of Your Charitable Donations
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 […]
Two Year-End Tax Tips For Your Business
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 […]
Protect Your Donors: Documenting Gifts Correctly
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 […]
Mid-Year Tax Planning Update
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 […]
ATRA Gives Contributors Incentives and Disincentives
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 […]
What Makes People Give?
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. […]