Beginning in 2026, taxpayers who take the standard deduction have a new opportunity to receive a tax benefit for charitable giving. H.R.1, also known as the One Big Beautiful Bill Act (OBBBA), permanently reinstated a charitable contribution deduction for taxpayers who do not itemize their deductions. Beginning in 2026, single filers may deduct up to
ByMany successful individuals want to support charitable causes without sacrificing financial security. A Charitable Remainder Trust (CRT) can help bridge this gap as it provides lifetime income to a non-charitable beneficiary, an immediate tax deduction to the donor, and reduces estate taxes by gifting the remainder benefit to charity. Below, we answer common questions about
ByEvery five years, the U.S. government releases updated Dietary Guidelines for Americans (DGAs), which are the nation’s official nutrition guidance for promoting health and preventing chronic disease. While many people never read the full report, its recommendations shape much of the nutrition advice we see in healthcare settings, public health programs, and the media. The guidelines are
ByWith increasing concerns about identity theft, many people consider signing up for paid identity theft protection services. But are they actually necessary? What These Services Do Identity protection services typically offer monitoring and alerts. They notify you if there are changes to your credit report, such as new accounts or credit inquiries. While this can
ByH.R.1, the tax bill that passed in 2025, created a new federally authorized, tax-advantaged investment savings account for eligible minors called Trump Accounts. These new account types are eligible to be opened and may begin receiving contributions on July 4, 2026. Children who are U.S. citizens, have a valid Social Security number and born between
ByMarket commentary is intended for convenience, educational, and informational purposes only and should not be construed as individualized advice or recommendations. The discussions contained on this page are not a substitute for investment advice from a professional adviser. Readers should not use this content as the sole basis for any investment, financial planning, tax, legal or other decisions. Rather, a professional adviser should be consulted, and independent due diligence should be conducted before implementing any of the options referenced. While information presented is believed to be factual and up to date, Schultz Financial Group (“SFG”) does not guarantee its accuracy and it should not be regarded as a complete analysis of the subjects discussed. Due to various factors, including but not limited to changing market conditions, this market commentary may no longer be reflective of current opinions or recommendations. All expressions of opinion reflect the judgment of the authors as of the date of publication and are subject to change.