April 19, 2024
Funds

Mandatory withdrawals from retirement funds can be donated to charity tax free

COLORADO SPRINGS, Colo. — Nonprofits have seen a dip in donations this year as many are having trouble meeting their end of year quotas. Despite this, there is a way people can help while also receiving a tax break in the process. These nonprofits can benefit from what are called “required end-of-year distributions.” For example,

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