by Marilou Davido | Jun 19, 2023 | Resources
For information on gifting appreciated stock to an individual, click here. General Information Donating appreciated stock to charity is a tax efficient way to fulfill your charitable intentions while minimizing income tax to yourself. The donation can be made...
by Marilou Davido | Jun 14, 2023 | Resources
An estate plan is a collection of documents that specify how you want your money and other assets distributed, making it easier for your loved ones to handle your affairs during a time of grief. 6 Major Components of an Estate Plan Beneficiary Designations –...
by Marilou Davido | Jun 9, 2023 | Resources
The federal Itemized Deduction is the total of four main categories of allowable deductions: medical expenses, taxes paid, interest paid, and gifts to charity. Limitations may apply to each of these categories. Medical Expenses You can deduct medical and...
by Marilou Davido | Jun 8, 2023 | Resources
Coverdell Education Savings Account A Coverdell Education Savings Account (ESA) is a trust account that assists families in funding educational expenses. While ESAs offer greater control, they are much more restrictive when it comes to contributions, income level...
by Marilou Davido | Jun 5, 2023 | Resources
Education Related Federal and Wisconsin Tax Deductions and Credits Federal Student Loan Interest Deduction Student loan interest is interest you paid during the year on a qualified student loan. You may deduct the lesser of the (1) annual IRS limit or (2)...
