If you are familiar with being able to deduct charitable donations, a heads up before you keep reading, this is probably going to bum you out. Nerd Language – The Tax Cuts and Jobs Act amended the Internal Revenue Code of 1986 and reduced tax rates for business and individuals. This eliminated personal exemptions soContinue reading Charitable Donations and Deductions
Have you ever heard of the term arbitraging tax rates? It sounds intimidating but in actuality it’s simple, and it’s most likely something you’ll want to put into effect if you can. Tax arbitrage is a way of restructuring your transactions or profits in order to pay the least amount of tax. Basically, we’re takingContinue reading How Giving Can Get You a Tax Deduction
