Be Thankful: Give to Charity

As the end of the year steadily approaches, it's a good time to consider donating to charity. Make enough of thse contributions and you reach the minimum required to claim a deduction on your tax return.  Here are 10 great nonprofits that would appreciate your money or any kind of gift in kind, like toys and food. Books for Africa This organization is dedicated to collecting, sorting, and shipping books to underprivileged areas in Africa. Boys and Girls Club Kids in poverty-stricken communities Read more [...]

IRS Announces 2018 Tax Rates

Few people look forward to paying their taxes, but nonetheless the Internal Revenue Service has announced its 2018 tax rates, along with associated deductions, credits and exemptions. Highlights of the 2018 Tax Rates Highlights include adding another $500 to the maximum annual contribution to most of the numbered retirement plans, along with the government's Thrift Savings Plan. Numbered Plans The maximum contribution for 401(k) plans is rising to $18,500 in 2018, up from $18,000 in 2017 -- this Read more [...]