Nov
05
2019
05
2019
Tax Savings Idea for Those 70 1/2 and Over
As you may already be aware, the standard deduction amounts were increased in 2018 which resulted in fewer people itemizing their deductions. Those of our clients who use the standard deduction miss out on several popular tax breaks, including claiming a deduction for any donations they make to a qualified charity. This means you may be receiving little or no tax benefit for your charitable giving when you had been in prior years.
Can I get a better tax result under the new rules?
