Charitable gifts offer a great opportunity to reduce income tax liability. When a taxpayer makes a charitable contribution, typically they get an offsetting charitable income tax deduction. Unfortunately, that offsetting deduction doesn’t always end up reducing the total tax burden. To take a charitable income tax deduction, the taxpayer needs to itemize their deductions. If […]
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Understanding Probate Fees in California: The Importance of an Estate Plan and Proper Asset Titling
Probate is a legal process that occurs after someone dies, involving the validation of their will, inventorying their...