by Trey Pittenger | Oct 20, 2020 | Charitable Giving, P&A Articles
“Bunching” is a strategy utilized to maximize a taxpayer’s itemized deduction, and with the passing of the Tax Cuts and Jobs Act in December 2017, this strategy is even more useful. Find out if you are among the certain taxpayers who stand to gain even greater tax...
by Jon Sevenker | Nov 14, 2018 | Charitable Giving, P&A Articles
As we approach the end of 2018, those of you who have a Fidelity donor-advised fund (DAF) need to be aware of several tax-related deadlines. However, before we jump into these deadlines, let’s define two terms tied to DAFs that can be confusing: contributions and...
by Jon Sevenker | Sep 14, 2017 | Charitable Giving, P&A Articles, Retirement
Nearly two years ago, Congress did something they generally don’t…they made a decision that actually benefits savers! Did you know that if you’re over the age of 70.5 and are the owner of a traditional IRA you can use your required minimum distribution (RMD) to...
by Trey Pittenger | Jan 18, 2017 | Charitable Giving, P&A Articles
Giving generously and unconditionally can break the power that money has on you. This is a very powerful money lesson and hopefully, you have found a giving rhythm in your financial life. For years, we have helped our clients not only to feel empowered and to give...
by Jon Sevenker | Dec 30, 2015 | Charitable Giving, P&A Articles
Since 2006, taxpayers over the age of 70 ½ have been allowed to make a Qualified Charitable Distribution of up to $100,000 per year directly from their IRA to a charitable organization. The catch has been that taxpayers typically must wait until December to find out...
