Tax Deductions

Tax Secrets: How Charitable Donations Can Slash Your Tax Bill!

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When you generously donate to charitable organizations, not only are you supporting a noble cause, but you also stand to benefit from tax deductions. Let’s consider that you have an adjusted gross income (AGI) of $100,000 and decide to donate $50,000 in cash to a charity. Does this mean your taxable income is now halved … Read more

Scoring Tax Goals: Mid-Year Planning Tips to Make the IRS Cry

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Tax planning is crucial to financial management, especially for retirees who want to make the most of their golden years. As we reach the mid-year mark, it’s time to assess your tax strategy and implement any necessary adjustments. Here, we provide valuable mid-year tax planning strategies for retirees to help reduce your tax burden in … Read more