HOLLYWOOD, CALIFORNIA - AUGUST 03: (L-R) Chuck Lorre, Sheryl Lee Ralph, Richard Ayoub, Project Angel Food CEO, Jamie Lee Curtis, Marianne Williamson, and Tim Robinson attend Project Angel Food's Rise ...

The majority of Americans, 91% of filers, according to the IRS, take the standard deduction instead of itemizing (4). While ...

Support your favorite charitable organizations even in retirement. Many, or all, of the products featured on this page are from our advertising partners who compensate us when you take certain actions ...

For most people, December is the month for giving. But when it comes to taxes, January should be the time to start the planning process for maximizing the tax benefits of donating to charity. One of ...

Mark Cussen, CMFC, has 13+ years of experience as a writer and provides financial education to military service members and the public. Mark is an expert in investing, economics, and market news. Lea ...

Assets in individual retirement accounts are the best assets to give to charity, since they’re loaded with taxes. For those who give regardless, using IRAs to make the gifts can provide tax benefits — ...

An individual retirement account owner aged 70 ½ or more may be able to withdraw money from the account tax-free and use it to support favorite causes with a qualified charitable distribution (QCD).

The release of the official IRS Publication 590-B brought clarity to the issue of limitations on QCDs based on deductible contributions made to IRAs. A big change related to qualified charitable ...

Who can make this kind of gift? People seventy and a half years old and older (even when your required minimum distribution starts at age seventy-three). Yes. An IRA owner can make a one-time election ...

This is an updated version of an article that originally published on June 3, 2019. Although the tax laws related to charitable giving have changed a bit in recent years, one strategy for gaining a ...

Christine Benz: Hi, I'm Christine Benz for Morningstar.com. The qualified charitable distribution is a great way to be charitable and get a tax benefit. But not everyone who wanted to take advantage ...