Aug 31 | 2021
Afghan women
Over the past month, both Haiti and Afghanistan have been pummeled by tragic disasters that left devastation in their wake. In Haiti, a 7.2 magnitude earthquake erupted, leading over to 2,189 deaths and counting. A few hours later, in Afghanistan, Kabul fell to the Taliban just after U.S. troops had pulled out after 20 years
Jul 14 | 2021
Many people strive to support their community by donating their time or their money. When you find a meaningful cause, you might be quick to cut a donation check. Though it’s admirable to be quick to act charitably, you should be wary of several common mistakes made when giving to charity. Being mindful of these
abacuswealth.com
The Tax Cuts and Jobs Act of 2017 raised the standard deduction for US taxpayers and capped the state and local tax deduction at $10,000. This greatly reduced the number of taxpayers who itemize on their tax return and caused a major reduction in charitable giving. Taxpayers who itemize can reduce their income by the
Apr 16 | 2020
The Trump Administration’s solution to aid the 16 million Americans who are out of a job thanks to coronavirus? One big, shiny, $1,200 check. As MarketWatch explains, “The Internal Revenue Service will send $1,200 payments to individuals with adjusted gross income below $75,000 and $2,400 to married couples filing taxes jointly who earn under $150,000.
Dec 17 | 2018
Giving to Charity
It’s the season of giving, and while many Americans reach for their wallet without hesitation to show their love for their friends and families, it doesn’t always occur to them to donate to charity. But maybe you want to contribute to your favorite cause, but simply don’t have the time. Luckily, with charity gift cards,
Jan 10 | 2017
Jan 10 | 2017
Imagine you’re at a dinner party, and you’re going around the table asking everyone what they do. “I’m an investment banker.” “I’m in advertising.” “I work for a nonprofit.” The word “nonprofit” can garner some pretty quick judgments. Maybe this person is an idealistic do-gooder that doesn’t understand how reality works. Maybe this person has