Charitable Giving in Light of the New Tax Law

Archive for May 2018

Charitable Giving in Light of the New Tax Law

There is a new tax law that has changed everything for a while. One of the biggest changes is the new expanded standard deduction and the elimination of many itemized deductions. Before we discuss these changes, a good understanding of the standard and itemized deductions is necessary. The standard deduction is a reduction of taxable…

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The Tax Withholding Paradox

It is true that most people will see their income tax rates lowered in 2018, but is it possible that despite having their rates lowered, some may actually owe more in income tax? The answer, unfortunately, is yes, given that there were many significant changes to the tax code for the first time since the…

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