Making a gift of farm machinery can be a smart way to provide you with income for retirement, avoid paying ordinary income tax, and ensure that the research discoveries and lifesaving care we provide at Mayo Clinic continue in the future....
A couple of key provisions of the CARES (Coronavirus Aid, Relief, and Economic Security) Act were extended into the new year (and, in one case, increased). Here’s what the new stimulus package means for you in 2021.
Consider a Gift for the Future
Last year was a year of unprecedented ups and downs. Like you, we at Mayo Clinic faced many unforeseen challenges. But, thanks to your support, we have emerged stronger and more focused on our mission than ever. We are excited to see what 2021 has in store for us, our communities and you.
A Resolution for 2021
The start of a new year means a fresh slate. For many people, the new year begins with a list of goals—things we want to accomplish that improve our lives and the lives of others. One important task to add to this list: updating or creating your estate plan.
Information contained herein was accurate at the time of posting. The information in this publication is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in any examples are for illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results. Mayo Clinic policies may impact gift acceptance, gift structure, and options available. Annuities are subject to regulation by the State of California. Payments under such agreements, however, are not protected or otherwise guaranteed by any government agency or the California Life and Health Insurance Guarantee Association. A charitable gift annuity is not regulated by the Oklahoma Insurance Department and is not protected by a guaranty association affiliated with the Oklahoma Insurance Department. Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance.