5 Best Practices For Philanthropists

Maggie Mayer Charitable Giving, Estate Planning, Tax Planning

For hundreds of years, across all cultures and lifestyles, philanthropy has been an integral part of society, forging the way for great educational and art institutions, human service organizations, and many neighbors giving their communities an extra hand. Today, those who choose to give to charity do so in new ways and for a variety of reasons. While the end goal has remained the same – positive, charitable impact – the road to get there now requires a commitment to intentional, thoughtful, well – planned giving.

Seasons

Maggie Mayer Tax Planning

Another April 15th has arrived. It’s hard to believe I have been doing this for 17 “spring seasons.” If you are confused by the sentence, I was too in my first year out of college.

Wisconsin Child Tax Rebate

Maggie Mayer Tax Planning

For families with children under age of 18 as of December 31, 2017, the sate of Wisconsin is giving parents $100 for each child.

Tax Bunching

Maggie Mayer Charitable Giving, Tax Planning

We Americans are a giving people. For 2016, $390 billion was donated to charity. Individuals (as opposed to foundations and corporations) donated $282 billion of the $390 billion (72%).

Countdown to Tax Deadline and Potential Tax Reform

Maggie Mayer Tax Planning

Most Americans have recently completed or are in the process of completing the annual chore of submitting their individual income tax returns to the appropriate government entities. No matter your current economic situation, many people find this a complicating and confusing process. By the time the returns are filed, exhaustion has most likely set in. It does not matter whether you are just collecting the information or actually preparing the returns, this can be a tiring experience.