Tax-Efficient Tips for 2021’s Charitable Giving Season
Kiplinger via Yahoo Finance· 6 months agoFor those planning to contribute to charitable organizations this year, consider these strategies to...
I Do Not Need My IRA RMD. Can I Put It in a Roth IRA?
Investopedia· 2 months agoAlso, the distribution must be paid directly to the eligible charity. Not...the donated funds...
A Primer on Philanthropic Vehicles
Investopedia· 3 weeks agoClients who might be interested would designate all or a portion of their RMD towards an eligible charitable organization. While they ...
6 Legal Ways to Avoid Taxes on RMDs
FinanceBuzz via Yahoo Finance· 1 week agoIRS allows you to use different life expectancy tables depending on your unique situation. The amount of your RMD is based on the balance of your...
Consider these tax strategies for charitable contributions
The Tennessean via Yahoo News· 2 weeks agoAre qualified charitable distributions for you? A qualified charitable distribution is an otherwise...
Tax-Smart Charitable Gifting Strategies
Kiplinger via Yahoo Finance· 9 months agoThe TCJA not only retained the existing tax deduction for charitable contributions, it bolstered it by allowing taxpayers to contribute even more under...
Strategies for Avoiding Taxes on Your RMDs
SmartAsset via Yahoo Finance· 1 year agoSaving for retirement in a 401(k) at work or a traditional individual retirement account can help you build wealth for the long term while enjoying some...
How to Maximize Your Charitable Giving
GOBankingRates via Yahoo Finance· 1 year agoThe TCJA increased the standard deduction to $12,000 for singles and $24,000 for joint filers, and those figures have since risen to $12,400 and $24,800,...
Do You Qualify for a $300 Tax Deduction Under the CARES Act?
Kiplinger via Yahoo Finance· 2 years agoThe CARES Act established a universal provision that allows you to deduct non-itemized,...
How to Donate Money and Reduce Your Taxes This Holiday Season
Kiplinger via Yahoo Finance· 5 months agoAs we near the end of 2021, investors who’ve seen their portfolios grow significantly due to gains...