Category: Deductions

“Ever since a group of philanthropists created the Giving Pledge in 2010, taxpayers have expressed greater interest in potential estate planning strategies that would allow them to leave a significant portion of their assets to charity upon their death.” The interest in charitable giving increased in 2020 for two reasons. One was a dramatic increase […]

A cost comes along with a Roth conversion and you can lose some tax deferral. Americans have moved more than $75 million into Roth IRAs since Congress approved the partial or full IRA conversion to a Roth IRA.  However, while it is popular, it doesn’t always work out for the best, according to The Wall […]

A careful review of the return can point the way to opportunities for decreasing your taxes and increasing after-tax wealth. “Those that ignore history are bound to repeat it.” Translation: learn from mistakes made in the past and avoid repeating them. In other words, you should review what didn’t work in order to guide yourself […]