End-Of-Year Giving Can Impact Taxes
End-Of-Year Giving Can Impact Taxes
Source: kniakrls.com
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Local Professional Offers Child Tax Credit Reminders
Local Professional Offers Child Tax Credit Reminders
Source: kniakrls.com
End-of-Year Giving Could Benefit All Tax Returns
End-of-Year Giving Could Benefit All Tax Returns
Source: kniakrls.com
Additional Tax-Deductible Donations Possible in 2020 Due to CARES Act
As the end of the year approaches, those considering charitable donations are reminded of additional tax benefits due to the CARES Act passed by congress. Brett Nikkel is a Professional CPA with Van Maanen, Sietstra, Meyer & Nikkel, and says up to $300 can be deducted without itemizing a tax return in 2020. Nikkel says to save all receipts from donations, and that any qualified non-profit organization will provide proof of a deductible donation. Those who want to take advantage of the benefit need to make donations by December 31st.
Source: kniakrls.com