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Tag: Donation

2018 Vermont Community Donations: The Upside of Tax Season

Jul 24, 2018
Thanks to our clients, Davis & Hodgdon is thrilled to present "tax season donation" checks to two local organizations! As our clients are aware, each year the firm presents tax season donations based…

New Charitable Contribution Tax Credit for Vermonters

Oct 25, 2018
From the Vermont Department of Taxes - Vermont lawmakers enacted legislation in 2018 that provides for a nonrefundable credit against Vermont tax liability. The credit is 5% of the first $20,000 in eligible…

Tax Incentives for Charitable Contributions and TCJA

Nov 26, 2018
Given the doubling of the standard deduction under Tax Cuts and Jobs Act (TCJA), there will be less opportunity for many people to derive tax benefits from their charitable intent. For a single person…