Charitable giving can play an important role in many estate plans. Philanthropy cannot only give you great personal satisfaction, it can also give you a current income tax deduction, let you avoid capital gains tax, and reduce the amount of taxes your [more...]
[Note: this tax exclusion has expired.] Tax-Free Charitable Contributions from IRAs Extended Once AgainBackground The Pension Protection Act of 2006 first allowed taxpayers age 70½ or older to exclude from gross income otherwise taxable distributions (“qualified charitable distributions,” or QCDs) from their [more...]
