The CARES Act waives the required minimum distribution rules for IRAs during 2020. The waiver is not applicable to defined benefit plans (i.e. pensions). Example: While employed, Larry [...]
Tax Law Update: Charitable Contributions and Federal Estate Tax Exemption Update
In Tax and Estate Planning PostedCharitable Contributions from an IRA If you are over age 70½ and have a traditional IRA, you may make up to $100,000 of donations directly to charity with no income recognition. In the proper [...]