The IRS has introduced a reporting change that affects some IRA owners. Here's what you need to know about the change and ...

IRA owners can send up to $108,000 directly to charity tax-free starting at age 70½, which is 2.5 years before RMDs begin at 73. A QCD cuts your AGI rather than functioning as a mere deduction, ...

You know in the back of your mind that you'll have to pay taxes on at least some of your retirement income, but it's one thing to know this and another to actually watch Uncle Sam take thousands of ...

An individual retirement account owner aged 70 ½ or more may be able to withdraw money from the account tax-free and use it to support favorite causes with a qualified charitable distribution (QCD).

A 72-year-old who pulls $10,000 from her IRA to write a check to her church faces a tax outcome that looks nothing like the ...

For most people, December is the month for giving. But when it comes to taxes, January should be the time to start the planning process for maximizing the tax benefits of donating to charity. One of ...

The release of the official IRS Publication 590-B brought clarity to the issue of limitations on QCDs based on deductible contributions made to IRAs. A big change related to qualified charitable ...

If you haven’t taken your required minimum distribution from your traditional IRA yet for 2023, have you considered your options now that half the year is gone? What if you don’t need that money to ...

Who can make this kind of gift? People seventy and a half years old and older (even when your required minimum distribution starts at age seventy-three). Yes. An IRA owner can make a one-time election ...