Beginning January 1, 2026, several significant federal tax law changes will reshape how individuals and families support the causes they care about. These updates create new opportunities for many donors—especially retirees and non‑itemizers—while also reinforcing the importance of thoughtful planning. As always, the Community Foundation of Howard County is here to help you navigate these…
Donor Story: Maximize Tax Savings and Benefit Your Favorite Causes with Your IRA Distribution
As the end of the year approaches, many individuals like Bobbie find themselves seeking ways to optimize their financial situation while also giving back to their communities. Bobbie has been a dedicated philanthropist, making annual contributions to among other non-profits, her church, a housing charity and a food pantry. However, this year, she discovered a…
Qualified Charitable Distribution from IRA: A Tax Strategy for Philanthropy
Are you looking for a tax-efficient way to make a difference in your community? If you have an Individual Retirement Account (IRA), you may want to consider a Qualified Charitable Distribution (QCD). This powerful tax strategy allows you to support causes close to your heart while reducing your taxable income. In this blog post, we…