Making a charitable donation reduces your tax burden for the year while is not making a difference. The tax benefit is a persuasive motive for giving to charity, without the tax benefit it is highly likely that donors will decrease their contributions to charity.
Tax law set rules for receiving a tax deduction for charitable gifts. Thus, it is imperative that the rules are followed in order to make your Donation work for you.
NABA -Milwaukee is part of the Talented Ten. Every year we team up and host a Holiday Social. NABA- Milwaukee chapter members get in Free. Come out and join us We have a great time every year!
IRS Has Passed New Laws that May Affect Your Plans Next Year!
Good news for taxpayers that likes to get their taxes early... your Employer is Now required by the IRS to file W2s by January 31st. This will likely result in receiving your W2s earlier then in previous years.
Bad news for taxpayers that likes to get their taxes early...IThe IRS will delay some of your r funds. If you are claiming the Earned Income Tax Credit or the Additional Child Tax Credit You Will not see a refund until after Feb 15.
These updates are supposed to protect taxpayers from tax refund fraud... The verdict is still out on these results.
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Spencer Accounting Group, LLC does not provide investment, tax, legal, or retirement advice or recommendations in these blogs. The information presented here is not specific to any individual's personal circumstances.
Keana Spencer is an Accountant, Entrepreneur, and Educator to her clients, with a strong passion. Keana has over 10 years of experience and through her practice, she is a source of knowledge and strategies to her clients.