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Sally Lindberg & Associates July2019 Newsletter

Tax Benefit for the Disabled The Achieving a Better Life Experience (ABLE) Act of 2014 allows states to create tax-advantaged savings programs for eligible people with disabilities (designated beneficiaries). To establish an ABLE account, the beneficiary must be blind or disabled by age 26. The owner of the ABLE account is the beneficiary, and he… Read more

Sally Lindberg & Associates February 2019 Newsletter

Retirement Distributions Retirement distributions are made for a variety of reasons. Depending on the facts, the result can be anywhere from a tax-free distribution to inclusion in income and additional penalties. How can you determine the likely result? Social security benefits are either non-taxable or partially taxable. Depending on filing status and adjusted gross income,… Read more

Sally Lindberg & Associates December 2018 Newsletter

Charitable Planning In 2017, Americans donated over $410 billion to charity. As 2018 closes, you may be considering your charitable giving. You can deduct charitable gifts of cash and property, plus deduct your charitable mileage (14¢ per mile). To be deductible, the contributions must go to a qualified organization. Contributions to individuals are never deductible…. Read more