The majority of Americans, 91% of filers, according to the IRS, take the standard deduction instead of itemizing (4). While ...

HOLLYWOOD, CALIFORNIA - AUGUST 03: (L-R) Chuck Lorre, Sheryl Lee Ralph, Richard Ayoub, Project Angel Food CEO, Jamie Lee Curtis, Marianne Williamson, and Tim Robinson attend Project Angel Food's Rise ...

For most people, December is the month for giving. But when it comes to taxes, January should be the time to start the planning process for maximizing the tax benefits of donating to charity. One of ...

Mark Cussen, CMFC, has 13+ years of experience as a writer and provides financial education to military service members and the public. Mark is an expert in investing, economics, and market news. Lea ...

A little-known IRS tax rule called a qualified charitable distribution can help retirees donate to charity and pay less tax.

An individual retirement account owner aged 70 ½ or more may be able to withdraw money from the account tax-free and use it to support favorite causes with a qualified charitable distribution (QCD).

The release of the official IRS Publication 590-B brought clarity to the issue of limitations on QCDs based on deductible contributions made to IRAs. A big change related to qualified charitable ...

You can’t make QCDs directly from your 401(k), but you can use a workaround Matt Webber is an experienced personal finance writer, researcher, and editor. He has published widely on personal finance, ...

Assets in individual retirement accounts are the best assets to give to charity, since they’re loaded with taxes. For those who give regardless, using IRAs to make the gifts can provide tax benefits — ...

Support your favorite charitable organizations even in retirement. Many, or all, of the products featured on this page are from our advertising partners who compensate us when you take certain actions ...

For many retirees, Required Minimum Distributions (RMDs) from their tax-deferred retirement accounts are a source of anxiety. These mandatory withdrawals increase your taxable income, potentially ...