Charity Feed

Most of us are cheering the rapidly approaching end of tumultuous 2020. I definitely am right there with you with some pre-New Year's Eve joyfulness. But take a little time off from your anticipatory year-end celebrations to check out these tax moves. These final three tax tasks for the final three days of the year could pay off at filing time in 2021. 1. Know the value of donating items instead of cash. You have until Dec. 31 to donate to an IRS-qualified charity so you can claim the gift as a deduction on your 2020 tax return. If you... Read more →


Happy Day After Christmas, or as it's known in many parts of the world, Boxing Day. As a lover of cats, be they large (like these in an earlier Tumbling Taxes item), small or domesticated (as much as cats can be), I certainly understand the feline interpretation of Boxing Day. But I also appreciate the other ways, taxes included, to celebrate Boxing Day. Boxing Day's evolution: Boxing Day got its name in the 1800s when Queen Victoria was on the throne. Since then, it's been celebrated in Great Britain and many of its former colonies, notably Canada, Australia and New... Read more →


Welcome to Part 10 of the ol' blog's series on 2021 tax inflation adjustments. We started with a look at next year's income tax brackets and rates. That first item also has a directory, at the end of the post, of all of next year's tax-related inflation updates. Today we wrap up the series (finally!) with standard optional mileage rate changes. Note: The 2021 figures in this post apply to that tax year's returns to be filed in 2022. For comparison purposes, you'll also find 2020 amounts that apply to this year's taxes, due April 15, 2021. via GIPHY As... Read more →


Congress plans to pass this evening its second round of COVID-19 help for millions of Americans. It's a huge bill. Granted, much of its 5,593 pages of dense legislative language cover the funding bills required to keep the federal government open through fiscal year 2021. Lawmakers decided to incorporate some pandemic relief measures into this must-pass bill. Obviously, there are associated tax implications. I'll be writing about some of those coronavirus-related tax matters in the coming days once they are officially enacted and I've had a change to read and decipher them. Some checks, but not as big as the... Read more →


Congressional leaders are continuing to discuss at least some form of coronavirus relief package. Right now, the idea is to include any pandemic help as part of a spending bill that will keep the federal government open past Dec. 11. Things are still fluid. Right now, it looks like there won't be a second stimulus check, at least in the waning days of the current Congress and White House Administration. But there is a tax proposal that might encourage more of us to give to charities that are trying to pick up the slack — and pieces of people's lives... Read more →


We need to follow Santa Claus' example this month. Just as he checks his naughty or nice list, we need to check on tax moves to make by Dec. 31. It's December. 2020 and its craziness is almost over! Are you ready? Specifically, are you ready for the holidays? For those of us still committed to pandemic precautions, it's going to be a different, and yes, a bit less jolly, season. But one thing is the same as in previous Decembers. We still need to make some tax moves before Jan. 1. Some December tax moves will demand a little... Read more →


It's said that dogs have owners, while cats have staff. It looks that way for this tabby, even though he doesn't seem too interested in this particular breakfast in bed. (Photo by Milda Puga via Pexels.com) I'm not really a big Thanksgiving fan. The holiday, that is. Which is kind of odd given that I enjoyed Turkey Day as a kid. We lived in the same small West Texas town as my Mom's parents, so all her sisters' families showed up there twice a year for the holidays. It was fun to see my cousins. And the food was good.... Read more →


A VITA volunteer talks with a taxpayer. Check out the IRS' video on VITA and TCE programs for more on them and how you can participate. Every November, millions of Americans take time around Thanksgiving to acknowledge all the things in their lives for which they are grateful. This year, the coronavirus pandemic is affecting not only how we celebrate Turkey Day, but our assessments of our blessings. It's also reshaped how many of us look at ways we can share our good fortunes. One option is donating to charitable groups that can help out those who have fewer thanks... Read more →


Of course 2020 has multiple Fridays that fall on the 13th of the month. The year's first was on March 13, right when as a nation we were realizing that COVID-19 would define everything about this year, and beyond. Back then, I offered 13 good luck tax breaks. Today, Friday, November 13, 2020, arrives as we're dealing with a resurgence of the coronavirus. So it seem appropriate to revisit that first list of 13 tax opportunities that could ease some of your tax fears on this traditional day of superstitions, while we're in the midst of a pandemic and beyond.... Read more →


Photo by Wyatt via Pexels.com When the clock struck 11 a.m. on Nov. 11, 1918, it marked the armistice between World War I's Allied forces and Germany, ending the fighting on the Western Front. The commemoration to honor the 4.7 million Americans who served — and the 116,500 who died — in what then was called the Great War originally was celebrated as Armistice Day. That name and the annual ceremonies continued in the United States until 1954. That year the Nov. 11 commemoration was to Veterans Day and its scope widened to honor veterans from all eras. But even... Read more →


Whether you'll be on the road this holiday season or staying home, you still need to map out some year-end tax moves. (Photo by Mohan Reddy Atalu via Pexels.com) It's November, a month most of us welcome because of its cooler temperatures and annual holiday festivities. However, there's even more to think about in November 2020. The presidential election is just a few days away. Then there's the coronavirus pandemic, which means Thanksgiving plans for most of us are modified if not scrapped. If you find you're staying home this year as a health precaution, don't despair. Remember that it's... Read more →


Robert Smith surprised the 2019 class of Morehouse College graduates with a pledge to pay off their student loans. Watch the happy moment via Bloomberg Quick Take on YouTube. It was one of last year's best feel-good stories. On May 19, 2019, billionaire entrepreneur and philanthropist Robert F. Smith promised graduates of Morehouse College listening to his commencement address that he would pay off their college debt. The approximately 400 grads at the historically black college in Atlanta were stunned. Then delighted. And the country cheered Smith's benevolence and commitment to making at least a little bit of the United... Read more →


Here are 12 scam avoidance tips, six for catastrophe victims and six for those who want to help. Tropical Storm Beta hanging off the Texas Gulf Coast Monday, Sept. 21, afternoon. Image courtesy the National Oceanic and Atmospheric Administration (NOAA) National Hurricane Center (NHC). The Atlantic hurricane season has already made the record books. Fires are devastating vast areas of the Western United States. Unusual weather events like the Midwestern derecho have wrecked homes and businesses. That means millions of folks are looking for help. There are many sources of assistance, from charitable organizations to help people deal with a... Read more →


Couple waiting to get married at San Francisco City Hall. (Photo by Brian Kusler via Flickr) One good thing has come of my self-imposed pandemic lock down. Seeking a distraction from the news channels I usually watch, I'm finally getting more of my money's worth from our cable account. I've been exploring the many channels the hubby and I typically tend to click right past. For the last week or so, I've tuned in to WEtv because of its run of CSI: Miami episodes. No judging, please! Actually, the TV is more like a talking lamp (really!). The dramatic intonations... Read more →


Nearly 3,000 people in three states died on Sept. 11, 2001, in a coordinated foreign terrorist attack. On this 19th anniversary (or any day), you can honor their memories by helping those in need today. (Photo courtesy Corporation for National and Community Service) Today, Sept. 11, is Patriot Day. It's not a federal holiday. Federal and state offices are open. So are businesses and schools, where allowed by COVID-19 precautions. It is, however, a solemn day in the United States. On Sept. 11, 2001, Al-Qaeda terrorists hijacked four commercial passenger airplanes. Two flew into the Twin Towers in Manhattan, causing... Read more →


Hurricane Laura made landfall at Cameron, Louisiana, at 1 a.m. today, Aug. 27, as a Category 4 storm, with winds of 150 mph. Three Sixteen persons lost their lives. Property damage is still being assessed. Now Louisiana residents, who were the hardest hit by the area's strongest storm in more than a century and which at mid-morning, more than 100 miles inland, was still a Category 1, must deal with the aftermath. We're still getting reports on the damage. The one bit of good news is that the expected storm surge, if it materialized, looks to have been in a... Read more →


When you hit birthday milestones, like the one my Mom, the lovely lady in red, and her fellow Senior Center pals did a few years ago, you might qualify for some special tax benefits afforded older filers. (Photo by Kay Bell) Aging is not for sissies. I definitely can attest to that since, as the saying goes, I'm now a woman of a certain age. But with age also comes wisdom (or so I've been promised!). And getting older also provides some tax benefits. On this National Senior Citizens Day 2020 — yes, it was made official by President Ronald... Read more →


Hello August! These annual hot and, here in Central Texas, sticky days of late summer usually are a transitional time. Families take one last summer vacation. Parents and kiddos (but mostly parents) get ready for the return of school. Not so in 2020. The coronavirus pandemic continues to keep much of our lives on hold, like those final holiday trips and school openings. Taxes, though, are more persistent. Yes, COVID-19 did delay Tax Day until last month. But as far as the rest of the tax realm is concerned, there still are some matters that must be considered. That means... Read more →


Photo by Suzanne Walker from Pexels Memorial Day 2020 has an added poignancy. This solemn day to commemorate those who gave their lives in military service to the United States is overshadowed by the coronavirus. Almost 100,000 COVID-19 deaths have been recorded, with reporters often referring to military casualty numbers to put the pandemic's human cost in perspective. The Memorial Day events that we are used to seeing or participating in have been altered by COVID-19. Rather than community gatherings to share our sorrow and thanks, most now are limiting attendees or are being done virtually. There is so much,... Read more →


Photo by Mrs. Flinger via FlickrCC It's Mother's Day 2020. This holiday, first celebrated regionally in 1908 before going nationwide six years later, usually means that children spend the day with their moms. Such closeness, however, has been happening every day for weeks for many families. Moms and dads and children and sometimes extended family members have hunkered down together at home 24/7 as a COVID-19 precaution. But it is mom's special day, so I hope that all y'all came up with some change of pace this second Sunday in May to celebrate all that mothers do and all the... Read more →