There is always a certain degree of guesswork that goes into year-end tax planning, but this year there is the added uncertainty surrounding what the tax code will look like after Washington completes the overhaul of our tax system. The income tax rates for many individuals and businesses may decrease; the definition of income subject to tax may change considerably as well. Many itemized deductions that we have become so used to, such as the deduction for qualified medical expenses, state and local income taxes and real estate taxes may be eliminated.
However, if the resulting new rules resemble the proposals, there will be a doubling of the standard deduction and the possible elimination of the controversial Alternative Minimum Tax. Below are some tax-planning suggestions, including suggestions related to charitable gifts, which consider both the typical year-end planning techniques as well as planning for a potential overhaul:
Continue reading Year-End Tax Planning in Uncertain Times
On #GivingTuesday, You Can Support Our New Rheumatology Fellowship Program
Imagine waking up every morning feeling so tired and sick that you can’t get out of bed. Your joints so swollen that you can’t put on socks or shoes. A waiting list for your doctor so long, it will be months before you’re able to get care.
That’s the reality for millions of Americans, including hundreds of thousands of children, who face a steadily shrinking pool of rheumatologists to provide care. This severe shortage means that patients often spend months waiting for appointments, with many traveling hundreds of miles for the specialized care they need.
But on November 28, #GivingTuesday, you can help change that by donating to the Arthritis Foundation and supporting our new rheumatology fellowship program.
Continue reading Every ONE, Every DOLLAR, Can Make Healthcare Accessible to All!
The Arthritis Foundation is participating in Giving Tuesday, a global day dedicated to giving back.
Arthritis is serious. It can even be life-threatening. It compromises the livelihood and outlook of the people it affects. Each day and all year long we help people with arthritis overcome everyday obstacles while working to conquer arthritis once and for all. The arthritis community depends on us for daily support and long-term hope.
Continue reading You Can Help Change 50 Million Lives on Giving Tuesday