Category: Income Tax

Make That Required Minimum Distribution go Directly to Your Favorite Charity

Congress used to wait until the end of the year to extend the law that let people make a tax-free donation of up to $100,000 from their IRA. This left some folks scrambling to make the contribution before the RMD deadline. However, now Congress has made the law permanent, which means that if you’re 70½ or older, you can transfer your 2016 RMD to charity at any point. Read More