WASHINGTON, DC -- Connecticut tax professionals are warning clients that the IRS may not let them keep benefits from a state program designed to ease the pain of the tax law’s cap on state and local deductions.
WATERBURY, CT -- Record-breaking generosity has been the hallmark of Give Local Greater Waterbury and Litchfield Hills since it began in 2013. On April 23 and 24, Connecticut Community Foundation will again host the 36-hour online giving event, which will benefit more local charities serving the region than ever: 265 of them this year!
The DECEMBER 2018 DIGEST includes feature headlines: Tras la Tormenta: Puerto Rico One Year After Maria; 29 Greater Hartford Cities and Towns to Benefit from Town-specific Endowed Funds; Good News: Long Island Sound Report Card Reveals Substantial Improvement; Cross-Sector Strategic Collaboratives Full-Day Workshop Announced; Corporate Foundation to Continue to Serve the Community as a Private Charitable Foundation; Plus -- LEADERSHIP TRAINING; PHILANTHROPY NEWS LINKS; GRANTS & RFPS; PEOPLE and JOBS IN PHILANTHROPY!
NEW BRITAIN, CT -- An opinion article penned by Dave Davison, former president of the American Savings Foundation, encourages indivdual giving, reviews why individuals give to charity, and the discusses the possible affects of the new Federal tax laws on indivdual charitable giving.
NEW YORK, NY -- The Internal Revenue Service announced today the official estate and gift tax limits for 2019: The estate and gift tax exemption is $11.4 million per individual, up from $11.18 million in 2018. That means an individual can leave $11.4 million to heirs and pay no federal estate or gift tax, while a married couple will be able to shield $22.8 million. The annual gift exclusion amount remains the same at $15,000. For the ultra rich, these numbers represent planning opportunities. For everybody else, they serve as a reminder: Even if you don’t have a taxable estate, you still need an estate plan.
WASHINGTON, DC -- The biennial 2018 U.S. Trust Study of High Net Worth Philanthropy found that 90 percent of affluent households gave to charity in 2017, and 48 percent of them volunteered at nonprofits. In addition, annual giving among the wealthy in 2017 rose by 15 percent compared with two years earlier.