New Rules May Limit Taxpayers’ Max QCDs From IRAs
If you have deductible contributions to your IRAs after age 70 1/2, they can reduce the maximum amount for your qualified charitable distributions (QCDs).
Where Are Those New RMD Tables For 2022?
If you do an online search for the new RMD tables to use for your 2022 RMD, you might find yourself going in circles. But there are ways to locate them.
More Questions About QCDs And IRAs
QCDs are a good way to donate to charity using your IRA account. But, there are age requirements, monetary limits and protocols to follow.
Make A 2021 Donation Before It’s Too Late
There are only a few days left before the end of the year to make charitable contributions, including QCDs, for 2021.
Confused By The New SECURE Act’s 10-Year Rule For Inherited IRAs?
The SECURE Act sets a time period of 10 years for the full distribution of an inherited IRA, but only for deaths occurring after 2019 and not for all beneficiaries
Did You Inherit An IRA In 2021? You May Need To Act Before Dec. 31, 2021, To Avoid Hefty (50%) Penalties
If you inherited an IRA from someone who was taking RMDs, you may need to act before the year ends if the deceased owner did not withdraw the full RMD for 2021.
IRS Payments Abound In July, But Frustration Remains For Those Awaiting Tax Refunds
The announcement of other payments being issued can make a frustrated taxpayer wonder if the IRS is making headway on the backlog of tax returns.
New Baby? Does Your Newborn Come With An Advance Child Tax Credit?
According to the IRS, one of the planned enhancements for the Child Tax Credit Update Portal will enable parents to add children who are born or adopted in 2021.