Project Lemonade’s Post

Need a last-minute gift 🎁 for the holidays? It's never too late to give the gift of financial security! Many people like to give to charities or leave money for their children & grandchildren. However, there can be significant tax implications to the recipient of these gifts. By using life insurance, the proceeds from the death benefit can be free from income and estate taxes therefore increasing the value of your gift. So put on your red hat and coat and show your loved ones just how much your care about their future. 🎅 #25daysoflifeinsurance #lifeinsurance #financialplanning

Corporate Counsels, Do you want your HSA to be 100% taxable to your beneficiaries? Welp, if your beneficiary isn't a spouse, it will be. The IRS views an HSA as a kind of trust, so a spouse gets all of the benefits listed. But other beneficiaries don't. How can you make the HSA non-taxable? List a charity as the beneficiary. If you have life insurance or other assets to leave to heirs, use those first for estate planning and consider giving the HSA funds to charity. There's no need to pay extra in taxes when you don't need to. #financialplanning #corporatecounsel #generalcounsel #law

Maximize Your Last-Minute Tax Savings with SB Group As the financial year comes to a close, there’s still time to make smart moves and reduce your tax liability. At SB Group, we believe in proactive planning, and our guide provides several legal options to save on taxes. Whether it's knowing your eligible deductions, utilizing Section 80C benefits, investing in health insurance, or making the most of home loan benefits, every small step counts. You can also explore NPS contributions, track medical expenses, and contribute to charitable donations for additional deductions. Remember, tax planning is not just about saving money but also about being financially aware and compliant. Always consult a tax professional for advice tailored to your circumstances. #TaxSavings #IncomeTax #TaxPlanning #SBGroup #SmartTaxMoves #FinancialHealth #Section80C #HomeLoanBenefits #TaxDeductions

#Postal Rates Going Up (1); #Nonprofit #Branding for Next Gen Donors (2); #Meetings & #Strategy (3); Tracking Financial #Performance (4): #management #philanthropy #fundraising https://ow.ly/yv9850Rgun7 https://ow.ly/B2UF50Rgun6 https://ow.ly/TFzw50Rgun9 https://ow.ly/tY6g50Rgun8

Life insurance is a benefit you obtain for your family and loved ones that will enable you to achieve some, several or all of the following objectives: 1. replace the income you produce in the event of your death. 2. To have funds for unexpected funeral expenses or similar arrangements. 3. To create an inheritance for your loved ones. 4. Make a charitable contribution to the charity of your choice. 5. Pay inheritance/estate taxes. 6. Have a financial instrument that allows you to save, invest or have collateral for loans. Think about what your family would have to face if you are gone, and how you could make those difficult times easier for them.

Life insurance is a benefit you obtain for your family and loved ones that will enable you to achieve some, several or all of the following objectives: 1. replace the income you produce in the event of your death. 2. To have funds for unexpected funeral expenses or similar arrangements. 3. To create an inheritance for your loved ones. 4. Make a charitable contribution to the charity of your choice. 5. Pay inheritance/estate taxes. 6. Have a financial instrument that allows you to save, invest or have collateral for loans. Think about what your family would have to face if you are gone, and how you could make those difficult times easier for them.

ATTN Colorado Roofers: With changes in roofing insurance, some Colorado homeowners are losing coverage on older roofs. If you know someone whose policy is canceled, financial help may be available: 👉 Federal programs like @HUD and @USDA offer grants and loans for repairs. 👉 Local resources in Colorado, including county programs and nonprofits, provide aid for eligible homeowners. 👉 Nonprofits like Habitat for Humanity offer affordable repairs for seniors and low-income households. Learn more about navigating insurance challenges and explore financial assistance options in our latest blog: https://heyor.ca/Y5mXbc #ColoradoRoofing #RoofInsurance #FinancialAssistance #RoofRepairs

Get in on the discussion about documenting or valuing your noncash contributions with your friends at McMillan Consulting LLC via our new blog post. Just click below.

At United Way of Brazoria County, we’re committed to being responsible stewards of every dollar entrusted to us. Our client vetting process is a key part of ensuring donations are used effectively and transparently to support those truly in need. Recently, our case management team uncovered an attempted scheme that demonstrates the importance of these procedures. During routine checks, we identified a fraudulent arrangement between a property manager and a tenant. By verifying rent-related documents and contacting the landlord directly for a final ledger, our team was able to detect inconsistencies that revealed the truth, saving United Way $1,400 that could be redirected to help families facing genuine emergencies. Here’s how our Client Vetting Process ensures due diligence:  ✔️ Verify Rent-Related Documents: We request and cross-check leases, eviction notices, and ledgers with landlords for accuracy.  ✔️ Confirm Validity of Eviction Notices: Generic eviction claims are validated to prevent fraud.  ✔️ Review Income Proof & Spending Habits: Paycheck stubs and bank statements are analyzed to ensure transparency and provide budgeting guidance if needed.  ✔️ Validate Utility Assistance Claims: Residency is confirmed with government-issued IDs and utility bills.  ✔️ Investigate Benefit Programs: We verify SNAP/TANIF benefits, employment, and enrollment in support programs to understand the full scope of each client’s situation. Our commitment to rigorous vetting doesn’t just save money, it ensures donor contributions directly support meaningful, life-changing assistance for families in need. Thank you for trusting us with your generosity.

Be careful out there. This one has some flavors of conservation easement schemes. "The Internal Revenue Service today warned taxpayers to avoid promoters of fraudulent tax schemes involving donations of ownership interests in closely held businesses, sometimes marketed as 'Charitable LLCs.'” https://lnkd.in/e-H4Svyk #taxscam #taxlaw #taxcompliance #IRS #charitabledonations #taxdeductions