Leveraging Investments for Charitable Donations
Utilizing investment assets to fund charitable contributions allows investors to maximize their donations while simultaneously receiving a greater tax benefit. Consider implementing the following strategies prior to the end of the year to elevate your charitable giving for 2024: Qualified Charitable Distributions(QCDs): A Qualified Charitable Distribution (QCD) is a direct transfer of funds from an […]
Qualified charitable distributions – a year-end tax tip
Are you 70 ½ or older? Do you still need to take part, or all, of your required minimum distribution (RMD) from your IRA? Are you planning on making any charitable donations before the end of the year? If the answers to these questions are yes, consider making the charitable donation(s) directly from your IRA. […]