Tax Filing Deadline Moved from April 15th to May 17th

Tax Filing Deadline Moved from April 15th to May 17th

IRS Extends Filing and Payment Deadline Due to the pandemic and the recent passing of the American Rescue Plan Act, the IRS has moved this year’s tax filing deadline from April 15 to May 17, 2021 in order to give taxpayers more time to organize their documents, adjust...
New Rules on Charitable Giving

New Rules on Charitable Giving

Benefits for Those Who Make Charitable Contributions When the CARES (Coronavirus Aid, Relief, and Economic Security) Act passed in March 2020, changes were made to the charitable deductions tax filers could take.  Under this act, these changes were only effective in...
A Look at the Biden Tax Plan

A Look at the Biden Tax Plan

Highlights of Some of the Proposals As President-elect Joe Biden prepares to take office, let’s take a look at some of the proposed tax law changes he has suggested and how, if they were to pass, they might affect your financial decisions.  It’s important to remember...
Two New 2020-Only Charity Tax Rules

Two New 2020-Only Charity Tax Rules

New Provisions Under the Coronavirus Aid, Relief and Economic Security (CARES) Act As the holiday season approaches, you might be looking toward making a donation to a charitable organization.  For many people, supporting a favorite cause is as much a part of annual...