Critter Corner: Charitable Giving During the 2020 Tax Season

Dear Ernie and Jannette, We want to support our favorite local charities and small businesses as much as we can while they are reviving themselves from all the changes in their business environments. We would like to give now, … [Read more...]

Critter Corner: Gift Tax Limit for 2019

Dear Magic, Our daughter is getting married, and she and her fiancé are buying a home. She asked if my wife and I could contribute what we would pay for a wedding ($30,000) towards a home instead, since she only wants a simple … [Read more...]

Is the Charitable Tax Deduction Gone for 2018?

Q. I give to charities every year during the holiday season. However, I’m concerned about the ramifications of doing so this year with the new tax law. Can I give as I usually do and take tax deductions, or is there something … [Read more...]

Gifting and the 2018 Gift and Estate Tax Exclusion Numbers

Q. Our daughter got married a few months ago and she and her husband found the perfect starter home in Springfield. The owners accepted their offer and my daughter and her husband asked me for $20,000 to help with the down … [Read more...]