Todd S. Ashton’s Post

A must for all businesses

Did you know common tax credits include the basic personal amount, which allows you to earn a portion of your income tax-free? You can also claim health and dental expenses including prescription drugs, donations to registered charities, and tuition fees and textbooks for post-secondary education. Learn more about tax credits here. https://ow.ly/8gvJ50QOXv1

Donor-advised funds (DAFs) and charitable remainder trusts (CRTs) are two commonly used philanthropic tools. Both allow for tax deductions before assets are actually distributed to charity. There are, however, some notable differences when it comes to ease of setup and income generation. In our newest edition of Watching the Tape, Anthony Smith, CFA, CFP®, compares and contrasts two popular charitable giving vehicles. Watch the video here: https://lnkd.in/gbEji-E8

Making life saving equipment more affordable will increase accessibility in vital life saving situations.

ACTION ALERT: Keep the pressure on congressional leaders to protect VOCA funding! VOCA funding is critical to sustaining Safe Harbor's ability to serve child victims of abuse. The VOCA landscape is dire—Safe Harbor stands to lose $150,000 in funds. We have urged Congress to work with their colleagues and explore all possible funding options—both short and long-term. We need your voice keeping the pressure on congressional leaders to make sure that any final Fiscal Year 2024 (FY24) budget keeps VOCA funded at last year’s level as they work towards a permanent solution for long-term, sustainable funding for VOCA. ⭐ Call your member of Congress today and urge them to work with their colleagues to ensure that level funding for VOCA is included in a final FY24 budget. ⭐ Call your representative in the House today and tell them to contact Reps. Wagner and Costa to say they join in support of their efforts to fully fund VOCA in the FY24 Commerce, Justice, Science, and Related Agencies (CJS) budget. Find your representative: https://lnkd.in/eZEkweu To make a direct donation to Safe Harbor, please visit www.safeharborva.org and click "Donate".

As we approach the end of the year, here is a friendly reminder regarding your Qualified Charitable Distributions (QCDs) for your Required Minimum Distributions (RMDs). Kindly provide the following information. #RMD #QCD #financialadvisor #wisconsin #lacrosse

On this Giving Tuesday, consider using QCDs. Qualified Charitable Distributions (QCDs) are vital for those who must take an annual required minimum distribution (RMD) but seek a tax-advantaged strategy that may help lower their adjusted gross income (AGI). Learn More: https://hubs.ly/Q02763nM0

Individuals who are 70.5+ years old may use a Qualified Charitable Distribution (QCD) to donate up to $105,000 to qualified charities, like BC High, directly from an IRA. For those who are at least 73 years old, QCDs count toward the IRA owner's required minimum distribution (RMD) for the year.

The future is bright

If you’d like to make a meaningful contribution to end 2023, please consider investing in FACES SF. Where better to invest than an organization working to help strengthen families during early childhood, when the returns are greatest? Link on the comments below. Happy new year!