Page 25 - AreaNewsletters "Dec 2021" issue

PRO ACCOUNTING
AND TAX SERVICES, LLC Janell D. Ball, Accountant
Castle Rock, CO 80108
(303) 324-8617 Work
(303) 223-3303 Fax
proaccountingtaxservices.com jdball65@gmail.com
B US I N E S S & F I N A N C E
There is still time to do
Charitable Contributions
by Janell D. Ball, Pro Accounting and Tax Services, LLC
Anew charitable deduction is available to taxpayers who do not itemize deductions. Sometimes referred to as a “universal deduction,” this CARES Act provision permits a non-itemizing taxpayer to take an above-the-line deduction of up to $300 for charitable contributions made in taxable years beginning in 2020. A deduction that is “above the line” reduces AGI. This deduction may be taken regardless of whether a taxpayer itemizes or not. TRA 2020 increases the maximum deductible limit to $600 for married taxpayers ling jointly for 2021 tax ling.
CASTLE ROCK ARTIST COOPERATIVE
The art scene in Castle Rock has been quiet for a couple of years now, but that’s all about to change. The Castle Rock Artist Cooperative — or CRAC for short — was formed last year as our town’s newest nonpro t to serve artists and the art community, and they’re already beginning to make a big splash.
BECOME A MEMBER
Visit the Castle Rock Artist Cooperative website > castlerockartcoop.com or email the organization > castlerockartcoop@gmail.com
FirsTier Bank Banking CD Rates
Special CD Rate
.65%
APY*
11 Month Term
Castle Rock’s only community bank.
*Annual Percentage Yield (APY) and interest rate for Certi cate of Deposit (CD) may change after account opening. Fees could reduce earnings on the CD. A penalty may be imposed for early withdrawal. *The CD is automatically renewed into a Standard 12 month CD with current rate at renewal.
*The Annual Percentage Yield is current as of December 8, 2021.
25 Castle Rock “AreaNewsletters” • December 2021