by Guest Blogger: Paula J Metcalf, General Counsel and VP for Gift Planning, Lincoln Community Foundation
With Tax Season upon us, the stress of gathering important tax items is rearing its head. Now is the time to scramble to put your documents together for your tax preparer, or, if you file at home, rummaging through for your receipts, W-2’s, and 1099 forms. The silver lining in all this?
Without fail as Tax Day approaches every year, the mind whirls while you check boxes and fill in numbers about everything you could have, should have, would have done to save more money on taxes. Could you have saved more? Invested better? Been smarter at charitable giving? Probably.
With President-Elect Donald Trump’s administration making plans to eliminate the 100 year-old estate tax, many are asking questions about what this means for them. First, let’s discuss the basics.
After the shock and joy immediately following the baby’s birth then all the other emotions set in as you mentally fast forward through the sudden expenses to be expected in the future...one of the biggest being the cost of education. Now, more than ever, a bachelor’s or a trade degree is essential for a future.