As the end of the year approaches, it’s a great time to evaluate your financial situation and take advantage of tax planning opportunities. Two strategies to consider before the year’s close are contributing to donor-advised funds and leveraging gifting options to reduce estate taxes. Donor-Advised Funds: A Flexible Giving Strategy Donor-advised funds (DAFs) offer a […]
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Some of the nation’s wealthiest families and individuals are among the most philanthropically inclined. Understanding that they did not achieve their level of success without a supporting cast, many families believe that it is important to give back to the communities and causes that are nearest to their hearts. The following are a few tax-related […]
BY Adam Rubinfeld, ANCHIN PRIVATE CLIENT ’Tis the season for pumpkin spice, gingerbread, the winter holidays – and the last opportunity for charitable giving before the end of the year. This year-end is a particularly significant deadline for charitable giving because it marks the close of extended tax breaks provided by the Coronavirus Aid, Relief, […]
Charitable contributions have always been a focal point of tax planning, but the COVID-19 pandemic caused an uptick in charitable donations with additional taxpayer benefits from the Coronavirus Aid, Relief, and Economic Security (CARES) Act and strengthened by the American Rescue Plan Act. Some of the most common charitable strategies that we have helped implement […]