charitable donation from IRA

Senior Tax-Saving Alert: Make Charitable Donations From Your IRA

December 3rd, 2024|Categories: Burns Firm, Charitable Contributions, Charitable Donations, CPA, CPA Dallas, CPA near me, Dallas CPA, Donations, IRA, Setting Every Community Up for Retirement Enhancement 2.0 Act (SECURE 2.0), Tax, Tax Advisor, Tax Deductions, Texas CPA, The Burns Firm|Tags: Charitable donation, charitable donation from IRA, Charitable Donations via IRA, CPA Dallas, cpa near me, CPA TExas, IRA, tax advisor, tax savings, The Burns Firm|

If you’ve reached age 70½, you can make cash donations directly from your IRA to IRS-approved charities. These qualified charitable distributions (QCDs) may help you gain tax advantages. QCD [...]

How the Current Tax Law Affects Charitable Giving from IRAs

July 11th, 2019|Categories: Accounting, Burns Firm, Tax, Tax Credits, Tax Deductions, Tax Preparation, Tax Return, TCJA|Tags: charitable donation from IRA, CPA Dallas, increased charitable deduction limit, IRS tax law on charitable giving, tax credits, tax deduction, tax law, tax law and charitable giving from IRA, tax preparation, tax returns, taxes, The Burns Firm|

For charitable donors, the Tax Cuts and Jobs Act (TCJA) provided some tax breaks and took away others. Here's what charity-minded individuals need to know. Increased Charitable Deduction Limit Under [...]