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News

Monday December 5, 2016

Exciting events are happening at The Salvation Army Metropolitan Division
Our News
Thank you for your interest in The Salvation Army Metropolitan Division. Our hope is to serve you and your family with helpful information.
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How Much You'll Pay for Medicare in 2017
Savvy Living
I know there won't be much of a cost-of-living increase in Social Security benefits next year but what about Medicare?...
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IRS End-of-Year Gift Tips
Washington News
In IR-2016-154 the IRS offered tips on how to document various 2016 charitable gifts. Gifts to qualified public charities are deductible. Taxpayers may use IRS Select Check on www.irs.gov to know if a charity is qualified. The exception to this rule is that places of regular worship are qualified charities without registering with the IRS. 1. IRS Charitable Rollovers – If you are over 70½, you may make an IRA rollover gift by contacting your IRA custodian. The IRA custodian will make a transfer directly to charity. This will not be reported in your income and therefore is not an itemized deduction. The transfer may fulfill your required minimum distribution (RMD). This IRA charitable rollover is especially attractive if you do not itemize charitable deductions or have high income. 2. Monetary Gifts – You must have a bank record or written statement from the charity to...
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Your Living Trust Choices
Personal Planner
The living trust is becoming quite a popular estate planning strategy. It costs more than a will, but includes many...
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