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With the recent Independence Day holiday weekend, social media has been buzzing about reasons to be proud to be an American. Obvious reasons include our rich culture (hello, melting pot of the world) and freedoms that citizens of other countries can only dream about. Where else in the world can you practice any religion you please, marry whoever you want, and criticize the president in public, all without fear of death or being thrown in jail? Here’s one more delightful reason we can add to that list: generosity.
The Charity Aid Foundation puts out a study each year that ranks countries based on three giving categories: donating money, volunteering time, and helping a stranger in need. The United States has held the #1 spot on the World Giving Index in 2011, 2013, and 2014. We tied in 2014 with Myanmar, but we were also the only country to be in the top 10 for all three categories.

There are simple solutions to keep the tax deadline from growing into an annual source of stress. By working with your CPA to organize tax information throughout the year, you can help ensure you have everything you need to minimize your tax liability and avoid surprises. 

The IRS recently announced 2014 inflation adjustments for several key tax provisions including the following: 

Earlier this year, the Supreme Court’s ruling in the case of The United States v. Windsor essentially rendered the federal Defense of Marriage Act unconstitutional.