Posts Tagged ‘RMD’
Notable 2024 Tax Law Changes
Each year brings adjustments to the US tax code, and this year is no exception. Some specific changes which could be helpful to you are as follows: Leftover funds in a 529 education account can now be rolled over into a Roth IRA. This reduces the concern about over-contributing to a child’s or grandchild’s 529…
Read MoreYear-End Charitable Giving in 2020
The CARES Act passed last March creates some changes in the rules for charitable deductions in 2020, and some which may extend beyond the current tax year. In addition, there are a number of tax-efficient gifting strategies you may wish to consider, which we’ll be discussing below. Many charitable organizations are experiencing higher demand than…
Read MoreThe CARES Act: Stimulus, Relief, and Other New Provisions
The $2 trillion Coronavirus Aid, Relief and Economic Security Act which was signed on March 27th provides funds for health care, state and local governments. It also contains a number of provisions intended to assist individuals and small businesses who have suffered economic harm due to the pandemic. Relief for Individuals -Many individuals will…
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