Retirement is a journey, and managing its financial aspects shouldn't be a maze. Enter Form 1099-R, a key document that often puzzles many at tax time. This guide is not just about decoding a tax form ...

As the 2023 tax year winds down, owners of individual retirement accounts (IRAs) might consider combining the 2023 tax benefits of charitable giving with a qualified charitable distribution (QCD) from ...

Q. We don’t need all the cash we get from our Required Minimum Distributions so we are interested in these charitable donations from an IRA I’ve been reading about to reduce the taxes on the RMD.

Yes, as an individual retirement arrangement (IRA) owner, once you are age 70½ or older, you can transfer up to $100,000 to charities tax-free each year ($100,000 each, if both spouses have eligible ...

The IRS announced that eligible owners of individual retirement account arrangements can use distributions to donate up to $105,000 to qualified charities in 2024 without incurring taxes on the ...