Charitable giving strategies and tax deductions are top-of-mind as we near the end of 2018. This year is especially fraught as a result of changes brought about by the Tax Cuts and Jobs Act (TCJA). Many nonprofit organizations are concerned that the new tax law will result in reduced charitable …
The 2019 Social Security Increase: What it means for beneficiaries
More than 67 million Americans will have another reason to celebrate heading into the holiday season. The Social Security Administration has announced that beneficiaries of the program will enjoy a raise of 2.8% starting in 2019. Estimated Average Monthly Social Security Benefits Payable …
The Investing in Opportunity Act: Tax Incentives for Investing in Low-Income Communities
Tucked away in the 2017 Tax Cuts and Jobs Act (TCJA) is a provision that has received very little media attention until recently. In October 2018, Treasury Secretary Mnuchin released additional information about the Investing in Opportunity Act. In short, the Act creates an opportunity for …
