News

Saturday November 18, 2017

Our News
Thank you for your interest in The DuPage Foundation. Our hope is to serve you and your family with helpful information.
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Savvy Living
As a divorced woman, am I entitled to my ex-husband's Social Security benefits? I was married for 14 years and would...
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Washington News
On November 9, the Senate Finance Committee released its version of the Tax Cuts and Jobs Act. The Senate Finance Committee press release stated the bill would provide "fiscally responsible middle-class tax relief by cutting tax rates across the board, reducing the tax burden on American job creators and modernizing our tax system." The Senate Finance Committee release summarized the main provisions of their comprehensive tax bill. Tax Rates - There are seven brackets ranging from 0% to 38.5%. The top rate applies to taxpayers with income over $500,000 for single filers and $1 million for married couples. A goal of the bill is to provide tax relief for middle-income taxpayers. Standard Deduction - The standard deduction is nearly doubled to $12,000 for single filers and $24,000 for married couples. With this larger standard deduction, an estimated nine out of ten taxpayers will not itemize and may use a postcard tax return. Family Provisions - In an effort to help families, the Child Tax Credit is increased to $1,650. The Dependent Care Tax Credit and Adoption Tax Credit are both retained. Charitable Contributions - The permitted deduction for most donors increases from the prior...
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Personal Planner
You have completed a will and perhaps a revocable living trust. Your durable power of attorney for healthcare and a...
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