Retirement Distributions and the Coronavirus

Prior to the coronavirus pandemic, the tax law required individuals to take annual distributions from tax-deferred retirement accounts commencing with the year one reached the age of 72.  This amount, known as a Required Minimum Distribution (RMD), was recalculated annually based on actuarial tables and taken into income over the remaining lifespan of the taxpayer.  [...]

By |2020-08-11T13:47:45+00:00August 11th, 2020|Coronavirus, Retirement, RMD|0 Comments

Savvy Giving: Tax Strategies for Charitable Contributions

The season of giving is upon us! Did you know that approximately 1/3 of all charitable giving occurs in December each year? As you are considering your year-end donations, we wanted to provide you with tax strategies to optimize your tax benefits. You may be uncertain if there are still tax advantages to charitable giving [...]

By |2019-10-22T14:52:10+00:00November 13th, 2019|Charitable Contributions, RMD, Tax Planning|0 Comments