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…