#Hindsight 2020 meme professional#

Periscope's head of Risk Management, Patrick McEvoy, says 'A main component of our review & planning process includes an audit of existing insurance portfolios that our clients have in place.

#Hindsight 2020 meme professional#

Please check with your CPA or tax professional for details. If you've already been thinking about making a large donation to a favorite charity, 2020 might be an especially good year to do so - for all concerned. The exception does NOT apply to Donor Advised Fund contributions and has a few other restrictions. Next, if you are itemizing deductions, the CARES Act also temporarily suspends the usual '60% of your AGI' limit on qualified cash contributions.

However, the 2020 CARES Act allows for donations up to $300 to a qualified charity, and the deductions can be considered 'above the line.' In other words, even if you're taking a standard deduction, you can give a little extra and receive an extra tax break back without having to itemize your deductions.

The 2017 Tax Cuts and Jobs Act (TCJA) made it much harder to realize itemized tax deductions beyond what the increased standard deductions already allow. Give as you're able, and get a little back. Here are Periscope Wealth Management's top tips to maximize your financial strategy.ġ. NEW YORK, NY / ACCESSWIRE / Janu/ As 2021 dawns and the longest year in history has finally come to an end, one of the best presents you can bestow upon yourself and your loved ones is the gift of improved financial preparation for the new year.