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Posted by Elizabeth Brickfield | Nov 26, 2018 | charitable contributions, charitable deductions, Charitable Giving, Dickinson Wright, DW Tax Blog, IRS, Tax, tax deductions, Taxation, taxes
Tis the season for charitable giving. First, in order to claim a deduction for a contribution to a qualified charitable organization, a taxpayer must itemize deductions. Second, the contribution must be a contribution of money...
Read MorePosted by Elizabeth Brickfield | Mar 5, 2018 | ABLE accounts, Elizabeth Brickfield, Savings for special needs individuals, Tax Cuts and Jobs Act |
Traditional Special Need Planning has focused on the establishment and funding of Special Needs Trusts. Since 2014, families and friends can establish ABLE accounts as an additional vehicle for tax efficient savings for...
Read MorePosted by Elizabeth Brickfield | Oct 23, 2017 | Dickinson Wright, Elizabeth Brickfield, estate tax, Tax, Taxation
The statutory increase of the federal estate/gift transfer tax threshold to over $5.6 million in value per individual (over $11 million for a married couple), the portability of unused exemption amounts on the death of the first...
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