For individuals who would like to donate some of their IRA to charity, making a Qualified Charitable Distribution could be a good strategy.
Qualified Charitable Distributions After the CARES Act
The CARES Act and You
The CARES Act is an economic stimulus package designed to help small businesses and individuals during the Coronavirus pandemic. Here are the main points that impact individuals.
How to Properly Report Qualified Charitable Distributions on Your Form 1040
Making Qualified Charitable Distributions can be a great way to maximize your charitable giving. But this strategy must be reported properly at tax time. Learn how to avoid a tax trap.
Record-keeping Requirements for Charitable Donations
There are many things we can donate to charity - cash, property, clothing, assets. Each one has its own requirement for receiving an income tax deduction. Review this flowchart to learn more.
SECURE Act Law Could be Boon for Charities
The recently passed SECURE Act has made several changes to retirement plans, some of which could result in an increase in the amount of money being left to charities. Read why.
Why Donating Appreciated Stock and Mutual Funds may be Great Tax Strategies
Donating mutual funds and appreciated stock may be a better strategy than donating cash. But timing is everything. Here's why.
How Your Charitable Giving Priorities Can Impact Future Generations
Living a good life involves many things, including having a satisfying career, strong family ties, good friends, and hobbies you enjoy. Leaving a legacy may be part of what you desire; and charitable giving is a way for us to show future generations the importance of improving the world around us. Learn the importance of having a charitable giving strategy you can communicate to heirs.
Howard Hook is Teaching a Class on Charitable Giving Strategies at Princeton Adult School
Donating to charity makes us feel good. But resources are not finite. What if there was a way to structure your giving so you and the charity can both benefit to an even greater extent? This course teaches you how.
Giving to Charity This Holiday Season? Why the New Tax Plan Changes Everything.
About 12% of charitable giving happens in the last three days of the year. But under the new tax plan, many taxpayers won't be able to deduct their donations. Howard Hook contributed to this article, outlining the new rules, explaining who can itemize, and reviewing some useful strategies.
