Normally, you must itemize your deductions in order to benefit from them. In 2020, the standard deduction amount is $12,400 for individuals and $24,800 for married couples filing jointly. But this year, you can get a charitable deduction even if you don’t itemize. Read on to learn more.
- Application of the Transfer for Value Rule to the Sale of Life Insurance - May 17, 2022
- What Estate of Marion Levine Means for Life Insurance - May 10, 2022
- Let’s Talk about Trusts…and Taxation - May 3, 2022