The Tax Cuts and Jobs Act may inadvertently prove to be unkind to charitable organizations. Since the new tax law eliminates some tax incentives associated to giving, it could potentially reduce total American charity fundraising by as much as $20 billion.
When you head to your local shopping mall in the middle of November, you’re certain to see it decked out with holiday decorations as Christmas music blasts from the speakers. The holiday season is here. With all of the great things that the holidays bring, such as gift giving and traveling to see loved ones, there also comes financial burden and stress. With these money saving tips for the holidays, we hope to eliminate that financial anxiety so you can focus more on enjoying yourself.
The holiday season is always a great time of year to be charitable, but you don’t need to send yourself to the poor house in the process. There are many ways to make the most of what you already have, and turn what you don’t need into a charitable donation. For many, the giving process is not thought out and cost more than is necessary. Having tax saving tips can make a huge difference when it comes to the holidays, make sure you have a plan.
Whenever you have the ability to donate to people in need, everybody wins. You’ll feel good because you provided for someone who was without, and the beneficiary received the much-needed help. But did you know that there’s a way to give to charity that gives you more than just the warm, fuzzy feeling of having done a good deed? If you invest in stocks, you can donate appreciated assets to charity and come out ahead through a charitable donation tax deduction.
The Lustgarten Foundation is an organization that supports research for pancreatic cancer. Pancreatic cancer is the fourth leading cause of cancer death in both men and women, and although the mortality rate for pancreatic cancer is alarmingly high, the federal government spends very little money on research for a cure.
As we’ve blogged previously about the 2013 ALS Walk, our own Emanuel DeFreitas has a personal stake in the fight to find a cure for amyotrophic lateral sclerosis (ALS), commonly referred to as Lou Gehrig’s Disease. His sister has been diagnosed with this debilitating disease, and the entire family at DeFreitas and Minsky Certified Public Accountants got together to raise money and walk in her honor.
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Amyotrophic lateral sclerosis (ALS), commonly known as Lou Gehrig’s Disease, is a progressive neuromuscular disease that slowly robs the body of its ability to walk, speak, swallow and breathe. After diagnosis, a patient is only expected to live between 2 to 5 years. The lives affected by ALS aren’t limited to the patients; the friends and families of ALS patients also suffer through watching the degeneration of their loved ones.