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Top related persons:
Juan Ros - 1 Michael Maye - 1 Maye - 1 bunching - 1 Mitchell Kraus - 1
Top related locs:
Thousand Oaks , California Gillette , New Jersey Santa Monica , California
Top related orgs:
Financial Management - 1 Financial - 1 MJM Financial - 1 Capital Intelligence Associates - 1

Search resuls for: "Juan Ros"


2 mentions found


☆ 4 ways to maximize your tax break for charitable donations on Giving Tuesday, according to experts
  + stars: | 2023-11-28 | by ( Kate Dore | Cfp | ) www.cnbc.com   time to read: +3 min
Getty ImagesWhen filing your taxes, you claim the larger of the standard deduction or your total itemized deductions. In 2018, the Tax Cuts and Jobs Act nearly doubled the standard deduction, slashing the number of filers who itemized. For 2023, the standard deduction is $13,850 for single filers and $27,700 for married couples filing jointly. Give profitable assetsWhether you're transferring money to a donor-advised fund or giving directly to a charity, experts recommend sending profitable assets, rather than cash. Bunching donationsAnother way to exceed the higher standard deduction is by bunching donations, which is a popular strategy for donor-advised funds, experts say.
Persons: Juan Ros, Michael Maye, Maye, bunching, Mitchell Kraus Organizations: Financial Management, Financial, MJM Financial, Capital Intelligence Associates Locations: Thousand Oaks , California, Gillette , New Jersey, Santa Monica , California
☆ Here's how to score a charitable tax break on 'Giving Tuesday'
  + stars: | 2022-11-22 | by ( Kate Dore | Cfp | ) www.cnbc.com   time to read: +1 min
Signed in 2017, former President Donald Trump's signature tax overhaul nearly doubled the standard deduction, making filers less likely to itemize. For 2022, the standard deduction is $12,950 for single filers or $25,900 for married couples filing together. And if you take the standard deduction in 2022, you can't claim an itemized write-off for charitable gifts. Aim to give profitable assetsIf you expect to itemize deductions, your charitable write-off depends on the type of asset you donate. Here's why: By donating an appreciated asset, you'll receive a charitable deduction equal to the fair market value while avoiding capital gains taxes you'd otherwise owe from selling, he said.
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