‘Tis the season to give Thanks! At Wambolt & Associates, our team is looking forward to sharing some abundance with many local men, women and children in need. If you’re looking for a meaningful way to give back to people in our community that could use a ‘hand-up’, please consider stopping by.

When it comes to charity, many Americans have been able to “give ‘til it hurts” — knowing the pain would be only temporary. Barry Bridges for Bankrate writes taxpayers could write off the donations on their next tax return. However, changes ushered in by the 2017 Tax Cuts and Jobs Act could make the process less comfortable....

Originally written by Erica York for the Tax Foundation As 2018 closed earlier this week, many Americans were considering making last minute, end-of-year charitable donations. While the new tax law contains many changes that will impact these decisions, we can look at Internal Revenue Service (IRS) data to gauge how much Americans have deducted for...

Creating a comprehensive, tax efficient wealth portfolio is an active exercise that happens year-round.  Tax matters, especially for high-net-worth individuals who could see as much or more than 40% of their estate whittled away by estate taxes without careful forethought. As we approach year-end, it’s a good time to consider the many ways there are...

Doing good feels (even) better with a tax write-off. We have a recommendation for you this holiday season. Individuals that exceed the 70-½ age threshold are required by the IRS to take minimum distributions (RMDs) from their traditional IRAs, which have been growing tax-free since inception. The IRS will take a percentage of the investment...

By John Seevers, Valentine Seevers & Associates | (303) 674-5561 | jseevers@vsaacpa.com | www.vsaacpa.com  The Tax Cuts and Jobs Act (TCJA) changes some rules around itemized deductions that can impact your tax planning for charitable giving. In short, it may require new planning strategies to get the most out of the tax reform. The bad news is,...