As we’ve seen, a high interest rate environment can generate financial challenges, such as tighter lending standards and reduced consumer spending. But it may also present certain opportunities for ...
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When an asset or investment is donated to charity, the donor avoids paying capital gains tax on the sale of assets, which can increase their charitable giving as much as 20%, depending on the donor's ...
Even though donating is a personal choice and varies widely, there are some guiding principles to follow when it comes to ...
You can make a tax-free donation of up to $105,000 from your IRA this year using a strategy known as the qualified charitable distribution, or QCD. But this strategy works only if the rules are ...
Rafi, 3, holds a box of winter clothing that his family received from a distribution at Kawergosk Syrian Refugee Camp in Erbil Governorate, Kurdistan, Iraq. Tax planning may be far from your mind as ...
You may have heard about it before. The "stretch IRA" was a popular estate planning tool embraced by people who sought to leave a financial legacy to their heirs in a tax-efficient manner. This ...
Every year, charitable individuals and households make one saying a reality when they make a donation to nonprofits: It's better to give than to receive. However, when you give, the IRS also allows ...
Donor advised funds have become a popular tool for those looking to streamline their charitable giving. In recent years, donor advised funds (DAFs) have become an increasingly popular tool for those ...
As the year comes to an end, you may find yourself scrambling to make a charitable tax donation. 7News Anchor Lindsey Mastis spoke to Jamie Truman, founder of Truman Charities, who offered guidance on ...