Lower your tax bill! Incorporate charitable giving into your financial plan

Posted on Jun 5, 2014

April 15th seems so long ago, yet many of us still remember the surprise we had in the increase of our overall tax bill. For 2013 there were several factors that may have contributed to an increased tax bill. First, there was a tax rate increase that went into effect, which increased the highest marginal tax bracket to 39.6%, along with an increase in Medicare wages by 0.9%. Second, given the robust stock market we experienced last year, an increase in your capital gains may have also contributed to your higher tax bill. While paying taxes means you are making money, paying more taxes with...

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