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 […]
Estate Planning for Your Furry Friends (Part 2) — Illinois Estate Planning and Elder Law Blog — December 1, 2023
In the last post, I began writing about including care for your pet as part of your estate plan. One...