Posts Categorized: Taxes & Finance

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National Estate Planning Awareness Week & a Brief History Lesson

Believe it or not, National Estate Planning Awareness Week is a very real thing. Let’s kick it off with a brief history on the Week and estate planning in general. National Estate Planning Awareness Week was an effort spearheaded by the National Association of Estate Planners & Councils (NAEPC) and Rep. Mike Thompson (D-CA) (with… Read more »

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Volunteering time NOT tax deductible, but out-of-pocket expenses ARE

One way to give to charity is through donating your time, energy, and skills to the causes you care most about. The IRS does not allow a charitable deduction for volunteering your services. However, out-of-pocket expenses relating to volunteering are deductible. Out-of-pocket expenses are deductible if the expenses are: unreimbursed; directly connected with the services;… Read more »

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Love, Death, & Taxes: Estate Planning Considerations for Same-Sex Spouses

Everyone needs an estate plan! By estate planning, I mean a set of legal documents which cover everything from who will inherit your property, to who will care of your pets, to your health care decisions on subjects like life-sustaining measures. In Obergefell v. Hodges, the United State Supreme Court’s 2015 decision which legalized same-sex… Read more »