Qualified Charitable Distributions Still Provide Tax Benefits Under the TCJA

LFL Veritas Blog: RMD Charitable Distribution Qualified Charitable Distributions Still Provide Tax Benefits Under the TCJA Under the Tax Cuts and Jobs Act (TCJA), standard deductions were doubled to $12,200 for single individuals and $24,400 for married couples. The TCJA also eliminated miscellaneous itemized deductions while restricting deductions for state and local income taxes and […]

Why You Should Start Contributing to Your 401(k) as Early as Possible

Years ago, most companies offered pensions to employees. These employer-maintained retirement accounts ensured the employee would receive income, either monthly or in one lump sum, based on how long they worked and how much they earned. That’s no longer the case. In fact, a study from Towers Watson found that the number of Fortune 500 […]