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Daily Archives: July 20, 2022

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RMDs and IRA-to-Charity Distribution Provisions

Blog, Retirement, TaxBy Editorial TeamJuly 20, 2022

Tax law requires individuals who have reached age 72 to begin taking minimum distributions from their traditional IRA accounts; however, the tax law also permits those 70½ and older to transfer funds from their IRAs to charities as Qualified Charitable Distributions (QCDs).

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