Answer: Federal And State Tax Laws Encourage Charitable Giving. Consider Doing One Or More Of The Following: Include a charitable organization in your Will. This can be via a cash bequest (specific dollar amount) or perhaps a fractional share of your estate. You can make a restricted gift, for example, to the chemistry department of
Takeaways While ABLE accounts offer tax advantages for individuals with disabilities, they come with some limitations. These include spending restrictions, annual and cumulative contribution caps, potential Medicaid payback, and age eligibility rules. Nevertheless, establishing one, especially in Pennsylvania, is probably a good idea for most if not all persons with disabilities. But it’s not a
Takeaways Starting in 2026, employees aged 50 and older who earn over $145,000 must make 401(k) catch-up contributions on an after-tax (Roth) basis, losing the immediate pretax deduction. Affected high earners should check if their employer offers a Roth 401(k) option and review their overall retirement and tax strategy to maximize savings despite the rule
