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Charity, donor-advised funds, volunteering, gifts to family, and the gift tax. Give more to the causes and people you choose and less to taxes.
That cheap used car you bought for your teen got them around your little town just fine. But now they need something you’re confident will go the distance before you drive them cross-country to set up their college dorm room…
If you have kids, you know how quickly your home can become overrun with toys. Worse, they seem to outgrow or lose interest in them almost as fast as you buy them. So if your house is starting to look…
One of the most common areas of concern in financial planning centers on gifts and their potential taxability. If you’re generous with family and friends, it’s crucial to understand whether their gifts will incur some sort of tax liability before…
Suppose you’ve got a leaky toilet in your bathroom. After trying without success to repair it yourself, you call a plumber who gets the job done in an hour. Normally, this would leave you with a hefty bill to pay – anywhere from…
We live in a society where service industries thrive by performing superior customer service. Because we live in a capitalistic economic system, a custom of rewarding superior customer service has developed through the use of tipping. Tipping is a controversial…
When I moved to Atlanta and started going to my current church, I wanted to get involved by joining a ministry. As it so happened, they were holding a ministry fair, and I decided to check it out. I walked…
Gift cards are popular for birthdays, graduations, and all other gift-giving occasions. They present a handy way to personalize an individual gift while still allowing the recipient to pick out what they like. In this article, we’ll go over the…
In popular media, there is a fascination with the differences between everyday Americans and the wealthy. However, in reality, the rich and the average American often use their money in the same ways. The rich routinely give to charity, and…
While a charitable remainder trust (CRT) can be an excellent tool for charitable giving and estate planning, a wealth replacement trust is sometimes a better option. When you establish a charitable remainder trust, you transfer appreciated property to an irrevocable…
Giving back doesn’t always have to mean making a large cash donation to your favorite charity. In fact, there are many different ways to support charities and nonprofits even when you’re low on funds. You may not realize it, but you…
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