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Daily Archives: March 22, 2021

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The New Face of Charitable Giving During the Pandemic

UncategorizedBy TrustHRCMarch 22, 2021Leave a comment

Despite the struggles many felt throughout the pandemic, wave after wave of charitable giving continued to role in. In fact, according to Fidelity Charitable reports, in 2020 there was an 11% increase in donations for the 500 clients surveyed. From monetary donations to food and clothing and random acts of kindness, 2020 will go on…

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A Year of Stimulus Legislation Has a Big Impact on Nonprofits

UncategorizedBy TrustHRCMarch 22, 2021Leave a comment

Out of the coronavirus pandemic has resulted a year-long flurry of legislation seeking to respond to the havoc wreaked by the crisis. A recent article from The NonProfit Times offers a succinct overview of the items included in the various bills that have an impact on nonprofit organizations. To learn about how nonprofits will benefit from new…

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Tax Deductions Without Itemizing

UncategorizedBy TrustHRCMarch 22, 2021Leave a comment

Most taxpayers think they have to itemize their deductions to claim them on their tax return. However, that is not entirely true. There are certain deductions that can be claimed while still using the standard deduction. Here is a list of those deductions:  Charitable Contributions For 2020, non-itemizers can deduct up to $300 of cash…

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Unemployment Fraudsters May Create a Tax Nightmare for Unsuspecting Taxpayers

UncategorizedBy TrustHRCMarch 22, 2021Leave a comment

As if this past year with all of its pandemic perils has not been stressful enough, the Office of the Inspector General for the Department of Labor has just added to our anxieties by announcing that at least at least $36 billion and possibly as much as $63 billion has been lost to improper unemployment…

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