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.
Five Facts About The New Advance Child Tax Credit
The advance CTC payments will be up to $300 a month for each qualifying child under age 6, and up to $250 a month for each qualifying child age 6 to 17.
Taxpayers Are Asking IRS: ‘Where Is My Refund?’ And ‘Where Is My Stimulus Payment?’
The Non-filer Sign-up Tool is one of the options available for tracking an IRS tax refund or a stimulus payment, but many people remain frustrated waiting for their funds