Even though 2020 has been a challenge for everyone in very personal and different ways, I believe that one commonality we all share is that it has reminded us to cherish what we do have and review/revise our life priorities.
As we approach the end of the year and the holiday season, we seem to be bombarded with opportunities for charitable giving. Happily, many of us answer this call and donate generously to our favorite charitable organizations. Your generosity may also be beneficial at tax time if you remember a few IRS guidelines for charitable contributions …
When thinking about our own personal assets we have many choices. We can hold on to them (having our cake), swap them out (trading for a different cake), or sell them and buy a consumable asset (eating the cake).
On what should have been the last week of school for Buncombe County schoolchildren, we are thrilled to announce the 15 educational and literacy non-profits across our state that will receive $200,000 total in unrestricted Parsec Prize grants. Last fall we made the decision to dedicate the 2020 Parsec Prize grants to education in honor
For many, charitable giving is an important personal value. For those of you who already have charitable intent, then a bit of planning will ensure that your gift is optimized from a tax standpoint, which is a true win-win for both you and the charity you choose to support.
The 2018 Tax Cuts and Jobs Act materially changed charitable giving for many Americans by modifying the rules around standard and itemized deductions.
A donor advised fund (DAF) is a charitable savings account, a type of charitable vehicle opened with a public charity, often a community foundation