Question: How do I report the money I sent to charity out of my IRA so that money isn’t included in my adjusted gross income? Answer: 1040 line 4a A lot of people have that question at this time of year. When you receive your 1099-R, the financial custodian reports the amount of money that...Read More
In this brief but informative podcast, Karl Frank, CFP, Mike Miller, CPA and Nathan Merrill, JD, discuss the QCD: Qualified Charitable Distribution. Learn the benefits and drawbacks of pulling money out of a retirement account and giving it to a charity. The Qualified Charitable Distribution (QCD) is a great way for someone to give money...Read More
Learn how to make a charitable contribution out of your IRA. This special tax benefit allows you to avoid income tax and for your charity to receive the full distribution without paying any taxes!Read More
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