In part two of our series on year-end tax planning, we will focus on several aspects of giving and its impact on taxes. This seems very fitting to me, given the timing. With Thanksgiving officially in our rearview, we are now fully immersed in the holiday season – some of us have actually been there since November 1st. Today is also the Tuesday after Thanksgiving, which is known as “Giving Tuesday” – and yes, that is a thing. As this is a movement that I personally fully support, here is some quick background on it. “Giving Tuesday” is a movement to create an international day of giving at the beginning of the holiday season. It was started in 2012 in response to the commercialization and consumerism of the post-Thanksgiving season (Black Friday and Cyber Monday). Also, I recently stumbled upon this quote from Winston Churchill that really resonated with me, and might help put this movement in the proper perspective.
RSS Feed