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Author: Diana Berlin

The Consolidated Appropriations Act Extends the 2020 Charitable Deductions and Provides Disaster Relief Unrelated to COVID-19

January 5, 2021 Trusts & Estates

The Consolidated Appropriations Act, 2021 (the “CAA”), signed into law by President Donald Trump on December 27, 2020, provides further relief for individuals both related and unrelated to COVID-19.  Such relief includes an extension of the charitable deduction allowances granted under the Coronavirus Aid, Relief, and Economic Security Act (the…

Why Individuals Should Care About the CARES Act: Retirement Plans and Charitable Contributions

May 11, 2020 Retirement Plans

The Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) provides various relief provisions for individuals, including provisions that benefit individuals in relation to their retirement plans and that provide an increase in allowable charitable deductions. Income Taxation of Retirement Plans 10 Percent Additional Tax Waived for Coronavirus-Related Distributions Generally,…

Why Individuals Should Care About the CARES Act: Retirement Plans and Charitable Contributions

March 31, 2020 Legislation

An update to this post was published May 11, 2020. The Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) provides various relief provisions for individuals, including provisions that benefit individuals in relation to their retirement plans and that provide an increase in allowable charitable deductions. Income Taxation of Retirement…