Series of four programs to educate residents on donations and possible 2013 tax changes
NEW BRITAIN, Conn. (Sept. 04, 2012) – Beginning September 24, 2012, the Hospital for Special Care Foundation  will host a series of educational programs to assist community residents in understanding how make the most of their charitable giving in light of possible tax changes in 2013.
“Various government officials have proposed limiting the amount that wealthy Americans can write-off on their taxes for making gifts, so we are offering this series as a helpful educational resource for the community,” said Sheila Hogan, Vice President, Hospital for Special Care Foundation. “For example, donors who are concerned about the potential for new limits in 2013 might be motivated to make gifts before the end of 2012, or accelerate payments on pledges from past years in order to receive a tax break now.”
Currently, individuals can give or leave up to $5 million to heirs tax-free in 2012, but unless Congress takes action, much more of their estates may be taxable in 2013. The potential change has already prompted many families to consider how to best arrange their finances and provide for their families.
As a result of these changes, the Foundation will be hosting the following programs at no charge:
All sessions will be held from 11:30 a.m. to 1:00 p.m. in the Howey Conference Center at HSC. Registration must be made in advance as seating will be limited. To register for these programs, please call Sheila Hogan directly at 860.832.6213.