Posts Tagged: taxes

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25 Days of Giving: Help a Charity With Your Retirement Assets

Thanks for reading the 25 Days of Giving series! Plan on coming back to the blog every day from now through Christmas Day. In December there is gift giving with wrapping paper abound, but when it comes to charitable giving the important assets (like your retirement assets) don’t need ribbons or bows. Let’s first focus… Read more »

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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 »