Sunday January 20, 2019

News

We are pleased to provide you with the latest news related to planned giving matters. We hope you find it helpful.

'Give It Twice' Trust
Personal Planner
A very popular option for a parent with children is called the "Give It Twice" trust. This is a trust funded when the surviving parent passes away. Part of the estate is transferred outright to children. The balance is placed in a special "Give It...
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IRS Free File Now Available
Washington News
In IR-2019-2, the IRS announced the availability of the Free File Program. Since the inception of the program, more than 53 million taxpayers have used tax preparation software provided by the Free File Alliance. IRS Commissioner Chuck Rettig...
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Can You Deduct Medicare Costs on Your Income Taxes?
Savvy Living
Can I deduct my Medicare premiums, deductibles and copayments on my income taxes? I had knee replacement surgery last year and spent quite a bit on medical care out-of-pocket and would like to know what I can write off. The short answer is yes, you...
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