The Tax Cuts and Jobs Act roughly doubled the standard deduction ($12,200 for single filers and $24,400 for married taxpayers filing jointly in 2019) and indexed it for inflation through 2025. As a result, far fewer taxpayers will itemize deductions on their tax returns, and some people may be disappointed that they no longer benefit from writing off their donations.Continue reading “Qualified Charitable Distributions: Using Your IRA to Give from the Heart”
When joining a new company, you may not just be offered a flat salary. As companies are looking for ways to lure in top talent, management is increasingly offering perks such as executive compensation benefits to incoming employees. Often times, these benefits come in the form of Restricted Stock Units (RSUs) or Stock Options. However, understanding what these benefits entail and how they stack up against one another can be confusing at first. To get a better grasp on what your company may be offering you, here are some important things to know.Continue reading “Important Differences between Restricted Stock Units (RSUs) and Stock Options That You Should Know!”
Memorial Day is a federal holiday to honor and remember the troops who have made the ultimate sacrifice while defending our freedom and ideals. Every year, this holiday is celebrated on the last Monday in May. This holiday dates back to 1868, after the Civil War, when it was known as Decoration Day because it was a day to decorate the graves of the soldiers who had died in battle. Although Memorial Day is intended to honor those who have lost their lives in war, many institutions take this day to recognize and celebrate all veterans. With Memorial Day coming up, it is time to give back to those who gave everything to our country and make veterans aware of some of the many benefits available to them.