Townsend Retirement Specialists offers tax planning resources that provide you easy reference and guidance. Our recommended certified public accountants can explain more on these following topics:
- Contribution limits for traditional IRA funds and Roth IRAs
- Roth Contribution Phase-Out
- Traditional IRA Deductibility Rules
- Amounts for Qualified Financial Plans
- Catch-Up Contributions Limits of other Qualified Plan Types
- Estate Tax Rates and Gift Tax Rates
- Overall Income Tax Comparisons
- Education Incentives
- Social Security
- Long-Term Care Insurance Plans
Please click here to access the current year’s Tax & Planning Information PDF.
Tax season is usually that time of year that stresses a majority of people out! Townsend Retirement Specialists would like to take as much stress away as possible by providing the following articles and information. If you are looking for additional information that is not provided in any of these following articles below, please don’t hesitate to contact us or our recommended certified public account.
Donating a Car to Charity
If you donate your car to charity, you may claim a tax deduction for the donation if you itemize your deductions on your federal income tax return. To get started you will need to pick a charitable organization, determine the fair market value of your vehicle, and obtain the necessary documentation for your donation. Read this article for more information on how to claim a tax deduction or the donation of your car!
Income Tax Key Numbers
When it comes to paying your taxes, it’s important to know your exemptions, the standard deductions, different tax credits and the top tax brackets. This is a chart that provides all this information and much more.