November 2023
Relief For Some 2023 IRA RMDs
Submitted by Desmond Wealth Management, Inc. on November 8th, 2023Donating Clothing to Goodwill and the Salvation Army
Submitted by Desmond Wealth Management, Inc. on November 8th, 2023As the year comes to a close, many taxpayers consider making clothing and household item donations both to give back and to optimize their tax deductions.
Recent cases, like the one involving Duncan Bass, underscore the significance of understanding and adhering to IRS regulations related to these contributions.