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December, 2014 / Tips for Year-End Gifts to Charity/ /

As 2015 approaches, it’s important to remember a few rules for year-end charitable gifts. Rules for Charitable Contributions of Clothing and Household Items Household items include furniture, furnishings, electronics, appliances and linens. Clothing and household items donated to charity generally must be in good used condition or better to be tax-deductible. A clothing or household […]

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December, 2014 / IRA Rollovers Get New IRS Rules for 2015/ /

Earlier this year, a U.S. Tax Court decision rewrote the rules on rollovers between individual retirement accounts. The Internal Revenue Service has clarified, in guidance issued recently, exactly how and when a new once-per-year limit on these transactions will be applied. In a rollover, an IRA holder withdraws money from a traditional IRA or a […]

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