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Archive for April 2019

Keep The Tax Credit for Charitable Gifts

Ever since the Tax Cuts and Jobs Act (TCJA), many taxpayers have shown concern about losing tax breaks for charitable contributions. However, with the right plan, taxable entities can still benefit from donations. New law increased the standard deduction to $12,000 for individual filers and $24,000 for married households filing jointly. This increase, plus the…

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