America is among the most charitable nations on earth, giving nearly $500 billion to worthy causes in 2022 not including taxpayer-funded aid programs. The total declined only slightly from 2021's ...
If you are over 70 1/2 and have any charitable inclinations or obligations arranging qualified charitable distributions (QCD) from you IRA is probably a really good deal. For some people it could be a ...
For taxpayers who stress over annual Required Minimum Distributions and are also inclined to charitable giving, Qualified Charitable Distributions or QCD’s have been a useful tool to accommodate both ...
Now is the time to tell clients about direct transfers from IRAs by individuals 70 and one-half or over. IRA administrators generally can’t make the direct transfers to designated charities at the ...
Many Americans donate to charity each year. Knowing that the money can help an organization that is near and dear to your heart helps you feel warm and fuzzy inside. Getting a federal tax break for ...
If you’re age 70½ or older, you can make a direct donation of up to $100,000 per year to charitable organizations from your Individual Retirement Account (IRA), without the withdrawal being treated as ...