April 1 deadline for RMD from retirement accounts
It’s nearing that time again for the deadline to take required minimum distributions from retirement accounts. April 1, 2020, is the deadline for those who turned 70 ½ in 2019 to take their required minimum distribution from their IRA and workplace retirement plans. The Setting Every Community Up for Retirement Enhancement Act of 2019 (SECURE […]
Size of charitable deductions depends on many factors
Whether you’re claiming charitable deductions on your 2017 return or planning your donations for 2018, be sure you know how much you’re allowed to deduct. Your deduction depends on more than just the actual amount you donate. Type of gift One of the biggest factors affecting your deduction is what you give: Cash. You may […]