About 144 million Americans may qualify for the 2026 universal charity deduction, while high earners face new IRS limits.
This article is the first in a new column, Personal Financial Planning, covering the role of CPAs in advising individuals and ...
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 ...
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New charitable giving tax deduction worth up to $2,000 is coming soon, and you don’t have to itemize
Taxpayers who donate to the causes that are close to their hearts have a new reason to celebrate — and to give: The massive new tax law includes a valuable new tax deduction for qualified charitable ...
Year-end planning has become even more essential this year due to the passage of the One Big Beautiful Bill Act (OBBBA) ...
There have been significant changes over the years in tax laws including the tax deductibility of charitable donations. The One Big Beautiful Bill enacted into law this July has continued to change ...
Richard Stern and Spencer Skalleberg Much has been written about the One Big Beautiful Bill Act since it was signed into law last summer, but one of its more interesting provisions has been somewhat ...
Taxpayers as above are required to make annual distributions from their IRAs, regardless of whether he or she is retired, which are then included in the taxpayers’ adjusted gross income (AGI) and ...
Forbes contributors publish independent expert analyses and insights. Bob Carlson researches all facets of retirement finances. The early months of the year are important for taxpayers ages 70½ and ...
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