Maximizing Tax Deductions for Charitable Giving

Giving to charity not only benefits the charities but can also benefit the donor because of valuable tax incentives. To fully maximize the tax deductions, you – or your tax planning attorney – must understand the intricacies and strategies of charitable giving and tax law and how they apply to your unique financial situation. The […]

Understanding the New Tax Laws: What You Need to Know for the Upcoming Year

Each year sees changes to the tax code. Those changes usually affect nearly everyone. In 2023, tax changes in the Inflation Reduction Act came into effect, including an increase in per-barrel oil taxes and changes to the standard deduction and Alternative Minimum Tax Rate. Keeping up with the tax changes ensures you file your taxes […]

How Early Should be Filing Taxes?

Some people wait until the last minute to file their tax returns and other want to get it over with as soon as possible, especially those getting a refund. However, the Internal Revenue Service (IRS) will not process any tax returns earlier than the date that it decides to open. Last year, the IRS started […]

What Could Happen if You Don’t File Your Taxes

Making sure to file your taxes is important, but some people watch that deadline fly by without even noticing it. For some reason or another, they don’t file (or pay what they owe) by the deadline, and there are definitely some consequences to that. Here are some things that can happen as a result of […]