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Give Smart – The Top 3 Things to Remember
Now is the time of year to be generous (and savvy about how you do it)

Key Takeaways Giving to individuals Giving to charity Easy ways to give At this time of the year, many people are moved to give to family and charity.  It makes us feel great and so many people benefit from our collective charity that it normally improves society. But, before you start writing checks to support […]

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Getting Charitable: The Basics of Donor Advised Funds

Key Takeaways Donor-advised funds have similar advantages to private foundations but require less time, money, legal assistance, and administration to establish and maintain. A donor can generally take an immediate income tax deduction for contributions, but may spread gifts out over months or several years. Many institutions provide these charitable vehicles. It’s that time of […]

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Oldies But Goodies

We dusted off two of our most popular blogs in honor of spring cleaning and tax season. Key Takeaways Having a system you trust to find all of your key records, quickly and easily is just as important as deciding which records to retain. Remember, you run the system; the system doesn’t run you. After […]

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New Legislation Extends Popular Tax Provisions

In one of its final actions, the 113th Congress passed the Tax Increase Prevention Act of 2014 and the President signed it on December 19th. This legislation extends for one year a host of popular tax provisions (commonly referred to as “tax extenders”) that had expired at the end of 2013. The following provisions were […]

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Charitably Inclined
Making the most of your charitable giving

Key Takeaways Before giving money away, research your intended charities carefully on Charity Navigator–a free site that can help you give more intelligently. Charitable gifts are tax-deductible provided you are a taxpayer who itemizes deductions. However, there is a limit imposed on the amount you can deduct, and other adjustments may be required. Tax-free charitable […]

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Thoughts on Raising Financially Responsible Children

Teaching financial responsibility to children is a great way to provide them with knowledge and experience that will help them grow into financially stable adults.  Our first lessons about money come from our parents and they set the frame-work for the critical lessons and behaviors to promote healthy money attitudes and habits in children. Lessons […]

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2012 American Taxpayer Relief Act

Executive Summary On New Year’s Day 2013, Congress passed a far-reaching new law intended to avert the so-called fiscal cliff. The American Taxpayer Relief Act, signed into law by President Obama on January 2, 2013, impacts every taxpayer. Not only does the new law make permanent reduced income tax rates for most taxpayers, it extends […]

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