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  2. Planning a charity gift? Try these 401(k)-style accounts to ...

    www.aol.com/finance/planning-charity-gift-try...

    It can be helpful to think of DAFs as similar to a 401(k), health savings account, or 529 account, says Amy Pirozzolo, head of donor engagement at Fidelity Charitable. Individuals or families make ...

  3. 6 Strategies Retirees Can Use When Donating to Charity This ...

    www.aol.com/finance/6-strategies-retirees...

    Check Out: 5 Subtly Genius Moves All Wealthy People Make With Their Money However, strategic planning can make charitable contributions more impactful — for both the donor and the recipient.

  4. Can I Deduct My 401(k) Contributions From My Taxes? - AOL

    www.aol.com/tax-deduction-401-k-130010205.html

    As a result, a 401(k) contribution of 5% lowers your taxable income to $38,000. ... There are also other ways to reduce your taxable income, such as making charitable donations to nonprofits.

  5. Charitable contribution deductions in the United States

    en.wikipedia.org/wiki/Charitable_contribution...

    A contribution to a charitable organization need not be fully a "gift" in the statutory sense of the word to be deductible to the donor. The donor's allowable deduction will be reduced, however, by the amount of the "substantial benefit" conferred upon them as a result of their contribution. [1]

  6. 3 Charitable Holiday Giving Strategies for Maximum Tax ...

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    For 2024, individual retirement arrangement (IRA) owners aged 70 ½ and older can make up to $105,000 in tax-free charitable donations through qualified charitable distributions — up from ...

  7. Charitable giving is up: Here's what to know about donating ...

    www.aol.com/finance/charitable-giving-heres-know...

    Americans made $3.6 billion in charitable donations this week — a double-digit increase of 16% from Giving Tuesday 2023’s total of $3.1 billion, according to The GivingTuesday Data Commons ...

  8. How Charitable Donations Really Affect Your Tax Return ... - AOL

    www.aol.com/charitable-donations-really-affect...

    Charitable donations can help a worthy cause, but your donations may also help your tax bill. Watch Out: The 7 Worst Things You Can Do If You Owe the IRSMore: Owe Money to the IRS? Most People Don ...

  9. 4 Required Minimum Distribution (RMD) Mistakes You ... - AOL

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    However, 401(k)s require you to take RMDs from each one individually. ... The IRS permits adults 73 and older to make a qualified charitable distribution (QCD) instead of taking an RMD if they'd ...

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