Blog

Category: Charitable Contributions

Congress Makes Charitable Contributions from IRA’s Tax Free. Forever!

By Lineweaver Financial Group
February 04, 2016 Category: Retirement Planning, Financial Planning, Charitable Contributions, Tax

Are you at least 70 , and want to build regular charitable contributions into your legacy plan using excess funds in your IRA? In the past, you had to worry that the government might decide that donation was considered taxable income, which meant you would either had to either contribute more to cover the shortfall or give simply give less. The good news is you never have to worry about that again because the Federal Government has made a permanent change to IRA gifting. Starting 2016, charitable donations of up to $100,000 per year made from your IRA funds are no longer subject to any tax because the donation is excluded from your taxable income. That means, for those of you so inclined to give-back, you can integrate a regular annual donation into your retirement plan. And, since the law refers to Individual Retirement Accounts, your spouse can do likewise with his or her IRA funds. A little good news for your kids. Theres also a provision in the new law that you might want to mention

Categories
General (33)
Newsletter (30)
Economic Commentary (18)
Retirement (15)
Retirement Planning (14)
Letter From The President (14)
Financial Planning (11)
Tax (11)
Healthwatch (10)
Lineweaver (10)
Market Commentary (8)
Tax Planning (7)
Q3 (7)
Taxes (7)
Market (6)
Education Programs (6)
Finance (5)
Economy (5)
Educational (5)
Bonds (4)
Health (4)
Estate Planning (4)
Social Security (4)
LFG (4)
IRA (4)
Trump (3)
2017 (3)
Insurance (3)
Portfolio (3)
Diversification (3)
Market Review (3)
Interest Rates (3)
(3)
Tax Law (3)
Rising Interest Rates (2)
2019 (2)
Annuity (2)
Commentary (2)
Annuities (2)
Stocks (2)
Investments (2)
Client Spotlight (2)
Tax Cuts And Jobs Act (2)
Investing (2)
Financial (2)
Coordination (2)
Tax Scams (2)
Charity (2)
Market Update (2)
Fraud (2)
High Income (2)
Social Security Benefits (2)
Q2 Newsletter (2)
Brexit Update (2)
Election (2)
Economic Outlook (2)
HealthWatch (2)
2016 (2)
Financial Strategies (2)
Volatile Market (2)
Strategies (2)
Wills (1)
Legal (1)
Q2 2019 (1)
Q3 Newsletter (1)
Summer (1)
Anne Graffice (1)
Sring Cleaning Your Finances (1)
David Baker (1)
James Lineweaver (1)
In Laws (1)
Inheritance (1)
Trusts (1)
Exercising (1)
Keeping Your Mind Sharp (1)
Q1 (1)
Pro Football Hall Of Fame (1)
Vacation From Investments (1)
Market Outlook (1)
Eye Strain (1)
Financial Goals (1)
Jim Lineweaver (1)
New Years Resolutions (1)
Screens (1)
Marital Trust (1)
2018 (1)
Vacation Home (1)
Healthy (1)
Quarterly Newsletter (1)
Bloodline Trust (1)
Cooking (1)
Tips (1)
Financial Quarterback (1)
Healthcare (1)
Chad Roope (1)
2020 (1)
Tax Strategies (1)
Black Swan (1)
CARES (1)
CARES Act (1)
Stimulus (1)
Nutrition (1)
Steps (1)
Probiotics (1)
2020Q3 (1)
Donations (1)
Medicare (1)
Medicare Supplements (1)
Your Retirement Playbook (1)
2020Q4 (1)
Markets Don\'t Pick Sides (1)
Sleep (1)
Healthy Living (1)
2021 Outlook (1)
End Of Year Taxes (1)
Charitable (1)
Roth Ira (1)
Review (1)
Roth Conversion (1)
Traditional Ira (1)
Congress (1)
Sell In May And Go Away (1)
Stock (1)
Buy (1)
Sell (1)
Dementia (1)
Credit Unions (1)
Power Of Attorney (1)
Pse (1)
Big Banks (1)
Savings (1)
Checking (1)
Banking (1)
Longterm Care (1)
Elder Law (1)
POA (1)
Advice (1)
Statements (1)
Bitcoin (1)
Bonds Ladder (1)
Legacy (1)
Retiring (1)
Self Employed (1)
Business Owners (1)
Annuity Alternatives (1)
Life Insurance (1)
Dividend (1)
Policy (1)
Retire (1)
Roth (1)
Donor Advised Fund (1)
Private Foundation Charitable Lead Trust (1)
Charitable Remainder Trust (1)
Growing Your Wealth (1)
Real Estate (1)
REITs (1)
Risk Management (1)
Retire Early (1)
Q1 2017 Newsletter (1)
North Korea (1)
Gifting (1)
Retirement Tips (1)
Financial Advice (1)
Financial Advisor (1)
Social Security Planning (1)
Charitable Contributions (1)
Women And Money (1)
Service Day (1)
Harvest For Hunger (1)
Candidates (1)
Winter 2017 (1)
Politics (1)
Fall 2016 (1)
Financial Health (1)
Holiday Planning (1)
Stockpile (1)
Holiday Gifts (1)
1st Quarter (1)
2016 Market (1)
Protection (1)
Conflict (1)
Investment (1)
Charitable Giving (1)
Reallocation (1)
RMD (1)
Distribution (1)
Tariffs (1)
NAFTA (1)
Trading (1)
New Tax Law (1)
529 Plans (1)
Q2 (1)
Top Financial Strategies Of The Wealthy (1)
New Website (1)
Bruce Motko (1)
Travel Tips (1)
Travel (1)
Markets (1)
Drink Water (1)
Market Volatility (1)
Cryptocurrency (1)
Market Pullback (1)
Defer Tax (1)
Lineweaver Wealth Advisors (1)
Third Quarter (1)
Mutual Funds (1)
Expense (1)
Costs (1)
401(k) (1)
Equifax (1)
Mark Sipos (1)
2017 Q4 (1)
Identity Theft (1)
Tax Cuts And Job Act (1)
Letter From The President New Years Resolutions (1)
Introducing (1)
Kids (1)
Grand Kids (1)
Tax Cuts (1)
Jobs (1)
Lose Weight (1)
Eat More (1)
Market Review 2017 (1)
Transfer Real Estate (1)
+ Show More

Terms and Conditions | Privacy Policy | Disclosures

Lineweaver Financial Group ©
Powered by Virteom Logo Virteom