This year more than ever, we’re incredibly thankful for our clients and friends. From our entire team, we wish you a healthy and prosperous new year! In Honor of our friends and clients during this season of giving, Shannon & Associates has made a donation to Shannon & Friends Foundation.
Topic: Charitable Giving
Charitable Giving Strategies in light of Tax Reform
Charitable donations are still deductible in 2019, however fewer Individual taxpayers will itemize in 2019 due to the increase in the standard deduction. The standard deduction for married couples…
Reviving Your Itemized Deduction with Donor-Advised Funds
Itemized deductions are dead. That was the truth for many taxpayers in 2018. The number taxpayers itemizing in 2018 dropped by 88% compared to 2017. A knowledgeable taxpayer will realize, if they are not…
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