Tackling the American Tax Payer Relief Act of 2012 in 5 Easy Steps!

Our friends over at Ed Slott’s website www.irahelp.com sent us a really great little one sheet last week and we wanted to share it with you!  Ed Slott is one of our favorite radio guests and one of the top IRA experts in the country.  We’ll break up the information for you over the next few days, and we hope you find it as useful as we did.

Step #4:Celebrate the return of Qualified Charitable Distributions (QCDs)!

QCDs are back retroactively through 2012 and extended through 2013. This will expire at the END of 2013. QCDs allow taxpayers required to take annual distributions from their IRAs to direct those withdrawals to charitable organizations and treat them as tax-free distributions. Special rules also apply in January 2013 to make 2012 QCDs.

© 2013 Ed Slott and Company, LLC