Gift Planning
News
Sunday July 20, 2025
Our News
Thank you for your interest in The Salvation Army Great Lakes Division. Our hope is to serve you and your family with helpful information.More |
Savvy Living
If I initially enroll in a Medicare Advantage plan, am I able to later enroll in original Medicare and obtain a Medigap...More |
Washington News
During the recent Presidential election, both candidates supported the concept of removing taxes on tips. The One Big Beautiful Bill Act signed on July 4, 2025, created a tax deduction for up to $25,000 in tips for years 2025 to 2028. To qualify, the tips must be received as part of a business in which tips are customarily given to individuals.
There is a limitation, however, on the amount of tips that qualify for the exclusion. If the taxpayer’s adjusted gross income exceeds $150,000 for a single filer, or $300,000 for joint filers, the deduction is phased out. The exclusion is reduced...More |
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Personal Planner
"Who would take care of our children? I am not sure anyone would be willing to accept that responsibility," remarked...More |
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