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Retirees: Smart Giving After New Tax Rules | Durham News
New tax rules for charitable giving hit this year—retirees beware: big donations may not save you as much as before. A new deduction floor means you must give more before anything counts, and high earners face capped tax benefits. But there’s a loophole: Qualified Charitable Distributions (QCDs) let you send up to $111,000 directly from your IRA to charity—tax-free, no itemizing needed. This can slash taxable income, lower Medicare premiums, and is a smart move for retirees with IRAs. Talk to a financial advisor before year-end. Listen in comfort:Get a discount on a Soli Pillow…
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