Complications to the IRA-to-Charity Distribution Provision

Article Highlights IRA Contribution Age Restrictions Removed Required Minimum Distributions Qualified Charitable Distribution Tax Trap Individuals are required to begin taking distributions from their IRA when they reach a certain…

Tax Filing Deadlines Are Rapidly Approaching

2021 Due Dates, IRA Contributions, IRA's, Tax Refund, Tax Tips, Taxes

Article Highlights: Filing Due Date Balance due payments Contributions to a Roth or traditional IRA Estimated tax payments for the first quarter of 2021 Individual refund claims for tax year 2017 Just a reminder to those…

Tax Law Changes Allow Year-End Charitable Planning Opportunities

CARES Act 2020, COVID-19, IRA Contributions, Jobs Act, SECURE Act, Stimulus Payments, Tax Planning

As the end of the tax year approaches, it is worth spending a few minutes reviewing some of the changes that have been made in the tax laws surrounding donations to charities. In some cases, this guide will serve as a refresher regarding…

Congress Removes IRA Contribution Age Restriction

2020 Tax Laws, IRA Contributions

On December 20, 2019, President Trump signed into law the Appropriations Act of 2020, which included a number of tax law changes, including retroactively extending certain tax provisions that expired after 2017 or were about to expire, a number…