Are My Political Contributions Limited? Can I Deduct Them On My Taxes? Campaigns and Parties. Contributions to political parties and campaigns, generally, must be disclosed to the Federal Election Commission (FEC) which publishes the information. Contribution amounts are often limited, and the contributions are not tax-deductible. For example, contributions by individuals of more than $200… Read More
Property tax exemption for charities has become a hot topic. In Lancaster City more than 25% of the total value of the assessed property is exempt. Across the country, political subdivisions are being squeezed by the economic meltdown. Tax revenues are shrinking, and the demand and cost for services from the municipalities are ever increasing.… Read More
“For every human problem, there is a neat, simple solution and it is always wrong.” H. L. Mencken “I want a simple will.” Estate planning attorneys often hear this from clients. What do they mean? Simple to them means short and inexpensive. Short is not always better. If you need open heart surgery do you… Read More
In general, property law is state law. There are a few exceptions and one of them is Spousal Consent to change a beneficiary on qualified plans. Many employees are surprised to find out that they must name their spouse as primary beneficiary of their retirement benefits unless the spouse consents to their naming another beneficiary.… Read More