The other tax date in April – this one can cost you 50%
Posts tagged "required distribution"
The other tax date in April:
A tax break for Seniors:
Sometimes Congress actually gets something right.

Sometimes Congress actually gets something right! This happens so rarely that I wanted to write a special blog post on it. Clients who have followed our advice over the years tend to retire with no mortgage debt and few out-of-pocket medical expenses. This leaves their charitable contributions as the main source of itemized deductions to…
charitable donation, donation, QCD, required distribution, RMD Did you think the 50% tax rate was gone?:
April 1 could be the date you incur a tax of 50%!
Time running out for a do-over on your IRA distribution!

As our golfer friends say, time is running out for a mulligan on any IRA distributions that were required by 12/31/12. The fiscal cliff law signed by the President on January 2 has a retroactive provision that could help you out of a jam if you forgot to take a RMD (required minimum distribution) from…
charity, ira, required distribution