How does the legislation impact your giving for 2020? In response to the financial impact COVID-19 has had on the U.S. economy, Congress passed legislation on March 27, 2020 to help alleviate some burdens for families and businesses. Aside from direct payments to families, protection programs, and various forms of stimulus, Congress included beneficial provisions to help families save on taxes when they support their church, favorite ministry and other eligible …
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How have changes to IRAs impacted you? Over 63% of all households have retirement accounts with an estimated $9.5 trillion in Individual Retirement Accounts. For many families, this is the primary savings plan for their retirement years. In December 2019, the Setting Every Community Up for Retirement Enhancement Act (SECURE) was passed to boost retirement …
Charitable Giving becomes the beneficial variable you can control. It’s here. And, it will likely impact all of us. But for those who like to give, The Tax Cuts and Jobs Act of 2017 can bring many new opportunities to give more and give more wisely. As the 2018 year gets underway, now is the …
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