Donor Advised Funds For All
A Donor Advised Fund (DAF) is a philanthropic vehicle that allows families to make charitable contributions and receive immediate tax benefits. When I last wrote about DAFS , I received some confused replies and I have been keeping my eye out for a user-friendly DAF...
Winning the Lottery
I would probably try to keep cool. Maybe drive out to a nice hotel and just sit there all night, ordering things online. I’m talking about what I would do if I won the lottery. I think I could avoid the Lottery Curse by asserting my privacy rights and getting a...
Taxes: Medical Deductions
Tax advice at cocktail parties aside, deducting your medical expenses is not as easy as it sounds. There are a lot of rules, exceptions, and questionable logic. The first hurdle to overcome is the amount you spent on deductible medical treatments and supplies. In...
Maxing Out Your Retirement Accounts
You might have heard that it’s tax season. The deadline this year is April 18th because of Emancipation Day in Washington, DC. (The IRS treats all DC holidays as national holidays.) Hopefully you’ve got everything you need — but even if you’re still waiting for...
Tax Organizing Cheat Sheet
It’s tax season! In less than two months, one way or another, you’re going to do what needs to be done to stay out of tax jail. The first thing to do is to make a folder that says “Tax 2021” — either on your computer or a manila folder — and then put the...
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