Remember how simple it was to keep track of your money when you were a kid? All you needed was a piggy bank – a place to deposit your allowance, or, if your childhood was anything like mine, all the pennies, nickels, dimes and quarters you found under the couch cushions.
(Author’s note: I would have preferred to title this post, “Eight Tips for Deducting Charitable Contributions – and Why You Won’t Need Them if You have a Donor-Advised Fund” but that’s way too long for any respectable blog post, at least as far as this blogger is concerned.)
Today is March 15, the Ides of March. Unless you’re Julius Caesar, you don’t actually have to “beware the Ides of March,” but the date might be significant to those of us who now have just one month to file our taxes before the April 15 deadline.
We hope all our Kansas City friends and family are safe and warm after Winter Storm Q. (A cute name for such a bear of a storm, don’t you think?) The storm was a thunderous—yes, we heard thunder—reminder that mother nature can pack a serious punch, injuring people and property.
For some of us, today is a day filled with love and affection for a special someone.
For others, it’s just another Thursday. Comedian Jim Gaffigan recently tweeted, “Without Valentine's Day, February would be... well, January.” If this month feels like a repeat of last month, that’s ok! This post isn’t exclusively for the candy-conversation-heart-loving crowd.
Let’s be honest, most of us aren’t exactly champing at the bit to read all 150+ pages of the American Taxpayer Relief Act of 2012 – you know, the bill that kept us from falling off the fiscal cliff? Well lucky for you, we’ve summarized the key points that directly relate to charitable giving for you here.
Let’s start off by going over what the Act didn’t do: