The first payment of the Child Tax Credit started hitting bank accounts on July 15 and will continue every month for the rest of 2021.
Can IRAs be used to benefit a charity? IRAs can be a great source of funds to provide a benefit for a favorite charity, but these funds can create a number of traps that must be avoided in order to maximize benefits to both the charity and other IRA beneficiaries.
What is the 10% penalty? A 10% early distribution penalty applies to taxable distributions made before age 59 1/2. Distributions made after 59 1/2 are not subject to the 10% early distribution penalty.
From the family tea set to the most complex estate, transferring wealth – of whatever size and definition – couldn’t be more common. What’s less common but just as important is outlining a specific plan and updating it as circumstances change.