Background
The Pension Protection Act of 2006 first allowed taxpayers age 701⁄2 or older to make tax-free charitable donations directly from their IRAs. Technically, these taxpayers were allowed to exclude from gross income otherwise taxable distributions from their IRA ("qualified charitable distributions," or QCDs), up to $100,000, that were paid directly to a qualified charity. These gifts are also known as "Charitable IRA rollovers." The law was originally scheduled to expire in 2007, but was extended periodically through 2014 by subsequent legislation, and finally made permanent by the Protect Americans from Tax Hikes (PATH) Act of 2015.
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Here are some key numbers associated with estate planning, as well as the federal gift tax and estate tax rate schedules for 2021 and 2022.
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New Businesses May Be Good News for the Economy
After taking a nosedive at the start of the pandemic recession, business applications rose sharply, peaking in July 2020.
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Federal Reserve monetary policies can affect the entire fixed-income market, and the prospect of rising interest rates is a major concern for bond investors. Regardless of the rate environment, however, bonds are a mainstay of investors who want to generate income or dampen the effects of stock market volatility on their portfolios.
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MARKET MONTH: April 2025
Wall Street in April generally ebbed and flowed in response to uncertainty over U.S. trade policy and the impact of…
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