EPISODE · Aug 18, 2023 · 27 MIN
IRA Distributions And Life Insurance
from Safe Money and Retirement · host John Heischman
In this week's episode host Jon Heischman how to cut your tax bill from the "Jobs Act" which doubled the standard dedcution beginning in 2018. This caused a dramatic decrease in the number of people filing itemized deductions and the unintended consequence of a reduction in chartiable gving,But if you an IRA owner 70.5 or older, you can give without itemizing and still get the tax break through a Qualified Chartaible Distribution (QCD). Jon goes into deatil on this and life insurance related distributions as well.You can call Jon after the show with questions and comments at (614) 861-7055. Visit www.heischmanfs.com/
What this episode covers
In this week's episode host Jon Heischman how to cut your tax bill from the "Jobs Act" which doubled the standard dedcution beginning in 2018. This caused a dramatic decrease in the number of people filing itemized deductions and the unintended consequence of a reduction in chartiable gving,But if you an IRA owner 70.5 or older, you can give without itemizing and still get the tax break through a Qualified Chartaible Distribution (QCD). Jon goes into deatil on this and life insurance related distributions as well.You can call Jon after the show with questions and comments at (614) 861-7055. Visit www.heischmanfs.com/
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IRA Distributions And Life Insurance
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