If you are 70½ or older, you can donate up to $100,000 per tax year directly from an Individual Retirement Account (IRA) to charities like High Country News. Qualified Charitable Distributions (QCDs), ...
If you are charitably inclined and have an IRA, a Qualified Charitable Distribution (QCD) can be a great strategy. With a QCD, you can move IRA funds to the charity of your choice tax-free. Here are ...
Q. In a recent column, you indicated that I could use the qualified charitable distribution (QCD) option at 70 1/2. I am confused. I thought I did not have to take required minimum distributions (RMDs ...
Starting in 2026, higher earners will face additional limits on itemized deductions—making proactive planning before the end ...
Editor’s Note: The SECURE Act 2.0 made significant changes to the rules governing qualified charitable distributions for tax years beginning in 2023 and thereafter. See Q for details. For tax years ...
If you're retired and planning to give to charity, you could secure a bigger tax break by making a qualified charitable ...
U.S. tax laws don’t favor those contributing small amounts of money to charity, but there’s a way around that if you’re taking IRA withdrawals. It’s called a qualified charitable distribution, and it ...
We all know it's a good idea to regularly review your investment statements. Keeping track of your investments helps you stay informed about their performance, ensures that your portfolio aligns with ...
Supporting causes you care about is a fulfilling and selfless act that can make a significant impact on the lives of those in need. It can also be a beneficial way to reduce your tax liabilities. One ...
If you're taking a required minimum distribution from an IRA, 401(k) or other tax-deferred account and don't need the money to cover living expenses, where should you stash that unneeded cash?
LOS ANGELES, CALIFORNIA - NOVEMBER 27: US Senator Alex Padilla volunteers at Project Angel Food for Thanksgiving at Project Angel Food on November 27, 2024 in Los Angeles, California. (Photo by ...