IMPORTANT UPDATE FOR THOSE WHO ITEMIZE DEDUCTIONS ON U.S. TAXES

It appears that Congress is poised to increase the standard deduction for a family to $24,000 from $12,000.

For many, this might mean that starting next year there will no longer be a benefit to being able to take charitable deductions because your itemized expenses might not add up to $24,000. If you are in that category, it might make sense to double up on your 2017 giving in order to make use of your last chance to take a deduction for gifts to your favored charities.

Casita Linda appreciates your support.

Louise Gilliam
President of Casita Linda, A.C.