You can save money on your taxes with charitable giving with RMDs, or required minimum distributions. If you are 70½ or older and taking RMDs from your traditional IRA this applies to you. Learn how you can save on taxes by making charitable contributions directly from your IRA, which count towards your RMDs and lower …
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2023 Tax Year – Starting the Year Right
Individuals and small businesses should consider various ways of starting off on the right foot for the 2023 tax year. While the list below is a great start, the most important of these actions is keeping timely and accurate tax records. Top Considerations for Starting the 2023 Tax Year Right W-4 Updates Employed? If so, …
IRS Provides Additional 2020 RMD Rollover Relief
The CARES Act waived required minimum distributions (RMDs) from IRAs and employer plans such as 401(k)s for 2020. However, the CARES Act was not passed until March 27, 2020. And many individuals had already taken their RMD for 2020. Some of these retirees would not have taken the distributions if they would have known about …
