Tax deductions, such as giving to charity, help to lower your taxable income, which, in turn, could help to reduce what you ...

Q. In a recent column, you indicated that I could use the qualified charitable distribution (QCD) option at 70 1/2. I am confused. I thought I did not have to take required minimum distributions (RMDs ...

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. With new tax laws, come fresh opportunities—and plenty of ...

Now that the dust is settling from the tax changes in Trump’s megabill, here’s one group of winners: older Americans who do their charitable giving using funds from traditional IRAs. Such donations ...

New charitable giving tax rules will soon lower your deduction for donations to charity — here’s what you should do now.

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.

RMDs, or required minimum distributions, are withdrawals you're forced to take each year if you don't want to get hit with a big penalty. The reason behind RMDs is to ensure that IRA or 401 (k) ...

A charitable donation tax deduction can help you lower your tax bill while simultaneously supporting a worthwhile cause. Tax-deductible charitable contributions include goods, cash, and property ...

The One Big Beautiful Bill Act of 2025 (OBBBA) introduces new rules for charitable donation tax deductions. Individuals 70½ or older can still make tax-free Qualified Charitable Distributions (QCDs) ...