Is Your Charitable Giving Strategy Still the Most Tax-Efficient Approach?
Many individuals and families support charitable organizations year after year using the same approach. They write checks to causes they care about, claim the available tax deduction, and move on. Beginning in 2026, taxpayers who itemize deductions will see a reduction in their total charitable contribution deduction through a 0.5% phaseout based on adjusted gross […]
Maryland Taxpayers Can Use New Online Portal Beginning Sept. 1
Beginning Sept. 1, Maryland taxpayers will have a new way to manage their state tax accounts. The Maryland Tax Connect portal, currently used by businesses, will expand to include individual taxpayers, allowing them to file income tax returns, make estimated tax payments, establish payment plans, and access their tax information online. The enhanced portal also […]