As we quickly approach the fourth quarter, year-end tax planning and charitable giving are often discussed with our clients. The CARES Act has expanded charitable giving opportunities for this year. For instance, a new "above the line" charitable deduction is available this year (up to $300 for single, $600 for married filers) even to those who claim the standard deduction. This article by Schwab... READ MORE

This year we've discussed different types of tax-smart charitable giving strategies with several clients. Click here for a short video from Charles Schwab that discusses some of these strategies. For individuals age 70.5 or older and required to take a minimum distribution from their traditional IRA's (known as a required minimum distribution, or RMD for short), another method to give to... READ MORE