Are Qualified Charitable Distributions an Underused Tax Planning Tool?

Posted by Michael H. Abernathy Jr, CPA Although Congress incentivizes individuals to save for retirement by allowing various tax-free savings vehicles, they do eventually require taxpayers to dig into their nest eggs. When taxpayers reach age 70 ½ they must withdraw at least a specified minimum amount of funds from their retirement accounts each year. These required minimum distributions (RMDs) … Continued