Further Consolidated Appropriations Act of 2020

Did you make donations in 2020? There’s still time to get substantiation

(CARES ACT), 2020 Tax Return, Charitable, Deductions, Income Tax, Individual Income Tax, Internal Revenue Service (IRS), Itemized Deduction, Tax, Tax Deduction, Tax Planning / Douglas Freeman

If you’re like many Americans, letters from your favorite charities may be appearing in your mailbox acknowledging your 2020 donations. But what happens if you haven’t received such a letter — can you still claim a deduction for the gift on your 2020 income tax return? It depends. What is required. To support a charitable […]

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Congress gives a holiday gift in the form of favorable tax provisions

401K, AGI (Adjustable Gross Income), IRA, Required Minimum Distributions (RMDs), Retirement, Setting Every Community Up for Retirement Enhancement (SECURE) Act, Tax Credits, Tax Cuts and Job Acts (TCJA) / Douglas Freeman

As part of a year-end budget bill, Congress just passed a package of tax provisions that will provide savings for some taxpayers. The White House has announced that President Trump will sign the Further Consolidated Appropriations Act of 2020 into law. It also includes a retirement-related law titled the Setting Every Community Up for Retirement

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