Global Family Law Services
President Donald Trump signed the One Big Beautiful Bill Act into law on July 4. Among its many provisions, this widely publicized bill impacted charitable donations and how they can be deducted. These changes have not come into effect yet but will be starting in...
In 2017, a Republican-controlled House and Senate passed the landmark Tax Cuts and Jobs Act. The TCJA more than doubled the maximum that donors can give their beneficiaries without incurring federal gift or estate taxes. At the end of 2025, several provisions of the...
Though the April 15 tax filing deadline is now behind us, we know that it will come again. With that in mind, and while the matter is still top of mind, let’s discuss important tax issues that may impact your filings next year. I have previously discussed...
Among the many issues that divorcing couples with children must face is one often worth thousands of dollars: who will claim the kids on their tax returns? As tax season begins on Jan. 23, let’s look at some of the child-related tax benefits that should be considered during a divorce. Child Tax Credit According to the IRS, the Child Tax…
In 2017, Ordinance 244-2017 established in the city of Cleveland a “one size fits all” residential tax abatement policy: a blanket 15 years 100% abatement of any increase in real estate property tax that results from eligible improvements on qualifying projects (whether a new construction or the remodeling of existing homes). All work had to be completed under a permit…
Unbeknownst to many Ohioans, on Aug. 3, Gov. Mike DeWine signed into law Senate Bill 57, which can assist real property taxpayers who believe the value of their property has declined as a result of the COVID-19 pandemic. The law specifically allows eligible taxpayers to file a special COVID-19 complaint with their county board of revision requesting that a property’s…
Hundreds of billions of dollars have accumulated in donor-advised funds since this vehicle was created all the way back in the 1930s. In fact, an estimated $110 billion is sitting in these funds right now. All, or at least virtually all, of the biggest investment firms in the country now offer this type of philanthropic product to investors, and these…
Although some object to labeling it a “crisis,” there is at least widespread consensus that, whatever we call it, our higher education system could be improved. Student loan debt in the United States tops $1.6 trillion. And as many as one in 10 of those 44 million borrowers are defaulting on their debt. Higher education costs and student loan debt…
This article originally appeared as a column for the Cleveland Jewish News. Every level of government, from the smallest municipality to the federal government, must tackle tax issues. Politicians, pundits and, of course, prospective tax payers will each weigh in, offering separate opinions as to how best to generate the funds the government needs to operate without breaking the back…
This article originally appeared as a column for the Cleveland Jewish News. The calendar year is swiftly coming to a close. Along with the lake effect snow and icy weather comes the annual last-minute push for Congress to renew expired tax breaks before the year ends and tax season gets into full swing. And, while there is always a push…