Charitable Contributions

Charitable Contributions
Charitable Contributions

Charitable Contributions
 The IRS recently issued final regulations regarding reducing the charitable contribution under Section 170 when the taxpayer receives or expects to receive a corresponding state or local tax credit.  Unfortunately, many of our Georgia clients have for years been using these techniques to redirect money to a school or to a rural hospital.  This law would disallow a charitable deduction for these donations when the taxpayer would get a state tax credit.  Please contact your CPA here at Loggins if you have further questions about this new regulation.

Latest Tax News

Please note that we will only post things that are from official sources and have been passed into law. We will not post any information about pending legislation.

Tax Planning

Tax Planning 2021

The 2022 GA DOL Rates have posted to the portal.  Please log into your portal to print your letter and see your new rate for

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Tax Credits

2021 Child Tax Credits

Many taxpayers with children have been getting monthly deposits from the IRS and have been wondering what the catch is.  These payments are actually prepayments

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