Are you over 70 ½ and interested in a way to reduce your taxable income and also bless your favorite charity? You may want to consider doing a Qualified Charitable Distribution (QCD). Photo Courtesy of Deposit Photos Normally, taking your required minimum distribution (RMD) from your IRA or other retirement account is a taxable event. However, by choosing to do a QCD, your distribution is not included in your federal taxable income. Thus many who will not be eligible to itemi

We have had a lot of questions coming in from all over about the new tax act and how it affects everyone. The short answer to that is “it depends.” There are a lot of very intricate changes to the tax code through this Act and each taxpayer is going to be affected differently. If you have specific concerns, we encourage you to call our office. We are happy to chat with you or set-up an appointment to walk through things if you feel that would help you. Photo Credit Deposit Ph