Even though the past few years have been a challenge for everyone in very personal and different ways, one commonality we all share is that these unusual times have reminded us to cherish what we do have and review/revise our life priorities.
It’s the end of the year, and your to-do list is a mile long. The last thing on your mind is your finances. Still, they deserve a good look before the close of the year. While we cannot help you with the cooking, cleaning and gift buying, we can help with your financial year-end to-do list.
Normally, we do not make these requests until we are in the throes of tax season but let’s take a proactive look at steps you can take now via our year-end tax to-do list.
The 2017 Tax Cuts and Jobs Act materially changed charitable giving for many Americans by doubling the standard deduction and limiting available itemized deductions. Learn the three most notable changes and three strategies to help maximize charitable deduction contributions.
Parsec Co-Director of Tax Services Larry Harris was recently quoted in InvestmentNews about individuals increasing charitable giving amidst the pandemic.
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