In addition to several other changes to tax law, the One Big Beautiful Bill Act of 2025 (OBBBA) creates new ways to handle charitable donations.
Many retirees dont know about a simple IRS-approved tax trick called a Qualified Charitable Distribution. It helps them give money to charity directly from their IRA and lower their taxes at the same ...
Charitable tax deductions are about to see the biggest changes in nearly a decade in 2026 thanks to President Donald Trump ’s ...
Qualified Charitable Distributions allow you to meet your annual charitable giving goals through your IRA. And here’s the “so what”: That QCD amount counts as part of your RMD, lowering your annual ...
You may not have to take a required minimum distribution (RMD) if you're under 73, or if the account meets certain criteria.
If you don’t take that distribution by year-end, you could be looking at a 25% penalty for a missed RMD that amounts to ...
If you’ve been patiently waiting to crack open your nest egg, you’re not alone. Uncle Sam has also been biding his time until you turn 73 so he can finally collect his due. What’s so special about ...