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December, 2014 / Retirees Need to Take Required Retirement Plan Distribution by Dec. 31/ /

The Internal Revenue Service today reminded taxpayers born before July 1, 1944, that they generally must receive payments from their individual retirement arrangements (IRAs) and workplace retirement plans by Dec. 31. Known as required minimum distributions (RMDs), these payments normally must be made by the end of 2014. But a special rule allows first-year recipients […]

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December, 2014 / Tips for Year-End Gifts to Charity/ /

As 2015 approaches, it’s important to remember a few rules for year-end charitable gifts. Rules for Charitable Contributions of Clothing and Household Items Household items include furniture, furnishings, electronics, appliances and linens. Clothing and household items donated to charity generally must be in good used condition or better to be tax-deductible. A clothing or household […]

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