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Family Meeting Preparation – 1 – Year-End Financial Planning

Friday, December 5th, 2008

Following my invitation, I sent three more emails to our family members in anticipation of the family meetings I hoped to hold during our Family Fun Week.

The first was simplest: I simply forwarded an email I had requested from our CPA in anticipation of year-end financial planning to maximize our giving. Read the rest of this entry »

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The “50% of AGI Barrier”

Thursday, April 24th, 2008

I wrote a post in which I referenced the “50% of AGI Barrier.” I realized maybe some of my readers would be unaware of what I was talking about.

First of all, a definition.

AGI is Adjusted Gross Income–the basic number on which the IRS calculates your income tax.

The “50% Barrier” refers to the fact that the US tax code permits you to give up to 50% of your AGI to approved charities and claim a deduction. Gifts beyond 50% of AGI can be carried forward for deduction in the future–up to five years.

A great benefit, indeed. However . . . Read the rest of this entry »

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