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New Provisions Under the Coronavirus Aid, Relief and Economic Security (CARES) Act<\/p>\n
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As the holiday season approaches, you might be looking toward making a donation to a charitable organization.\u00a0 For many people, supporting a favorite cause is as much a part of annual traditions as family get-togethers and turkey dinners.\u00a0 However, as so much around the world has been affected by COVID-19, many charities are struggling.\u00a0 The good news is that if you make a donation this year, there are two new tax rules, that apply only for 2020, which offer benefits in exchange for your generosity.\u00a0<\/p>\n
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Congress included two new charity tax rules in the CARES Act, and they are only effective in 2020.<\/strong><\/p>\n <\/p>\n <\/p>\n <\/p>\n <\/p>\n If you don\u2019t itemize, you can take both the standard deduction and a one-time $300 \u201cabove-the-line\u201d tax deduction for cash charity contributions made in 2020.<\/p>\n <\/p>\n <\/p>\n <\/p>\n <\/p>\n <\/p>\n <\/p>\n If you do itemize, the normal cap on charitable gifts is suspended for 2020.<\/p>\n <\/p>\n <\/p>\n <\/p>\n <\/p>\n Unfortunately, the most challenging times also bring out scammers.\u00a0 Be mindful of charities who may contact you seeking donations for coronavirus victims and their families.\u00a0 Carefully vet unfamiliar charitable organizations<\/a> before making financial contributions and consider working with your financial advisor or tax preparer to create a charitable giving plan that is right for you.<\/p>\n [\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”3.26″ custom_padding=”4px||4px|||” saved_tabs=”all”][et_pb_row column_structure=”1_4,1_2,1_4″ use_custom_gutter=”on” gutter_width=”2″ _builder_version=”3.26″ background_color=”rgba(117,117,117,0.3)”][et_pb_column type=”1_4″ _builder_version=”3.26″][et_pb_image src=”https:\/\/frischfinancial.com\/staging\/wp-content\/uploads\/2019\/12\/bottombrand.png” align=”center” _builder_version=”3.26″ transform_scale=”164%|164%” width=”67%” width_tablet=”35%” width_phone=”” width_last_edited=”on|tablet” module_alignment=”center” custom_margin=”|||0px|false|false” custom_margin_tablet=”|||32px|false|false” custom_margin_phone=”” custom_margin_last_edited=”on|tablet” custom_padding=”9px|73px|||false|false” mix_blend_mode=”hard-light” module_alignment_tablet=”center” module_alignment_phone=”” module_alignment_last_edited=”on|phone”][\/et_pb_image][\/et_pb_column][et_pb_column type=”1_2″ _builder_version=”3.26″][et_pb_text _builder_version=”3.27.4″ text_text_color=”#000000″ custom_margin=”|||-102px|false|false” custom_padding=”|27px||0px||”]<\/p>\n Our mission is to help our clients protect, preserve, and enhance their wealth. We achieve this by combining our investment management expertise with our financial planning services. Our co-management approach offers customization of portfolios and client involvement. As a fee only advisor, we do not sell any products and therefore, provide unbiased advice. Our clients always come first.<\/span><\/p>\n [\/et_pb_text][\/et_pb_column][et_pb_column type=”1_4″ _builder_version=”3.26″][et_pb_text _builder_version=”3.27.4″ text_text_color=”#000000″]<\/p>\nIF YOU DON\u2019T ITEMIZE YOUR DEDUCTIONS FOR 2020<\/strong><\/h2>\n
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IF YOU DO ITEMIZE YOUR DEDUCTIONS FOR 2020<\/strong><\/h2>\n
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About Us<\/strong><\/h3>\n
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