Tuesday March 11, 2014
News
Gifts of Land
Many friends of charities have benefited from a gift of land or a gift of land with a building or other structure. There are two main benefits for this gift. First, there is a charitable deduction,...MORE
How to Guard Against Robocall Scams
Is there anything that can be done to stop the annoying robocalls my husband and I keep getting? It seems like we get two or three a day offering lower credit card interest rates, medical alert...MORE
White House Releases 2015 Budget
On March 4 the White House released the proposed federal budget for 2015. That fiscal year will commence on October 1, 2014. The proposed budget includes both new benefits and new taxes.
1. Earned Income Tax Credit – The White House budget proposes that single persons with modest earned income could benefit from a maximum credit up to $1,000. The estimated $60 billion cost of this program could benefit 13.5 million workers. The cost is offset by taxing hedge fund managers on their income at ordinary rates rather than capital gains rates for the "carried interest."
2. Retirement Plans...MORE
