Government taxation and revenue - UK, USA & CANADA LATESt NEWS - Page 3

Here’s what to know before taking your first required minimum distribution

Here’s what to know before taking your first required minimum distribution

David Bale7 months ago04 mins

Grace Cary | Moment | Getty Images After decades of building your nest egg, you will eventually have to start taking required minimum distributions, or RMDs, from pretax retirement accounts. The first RMD can be tricky, according to financial experts. Since 2023, most retirees must begin RMDs at age 73. The first deadline is April…

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You could score a tax break by gifting crypto to charity — but there may be some pitfalls

You could score a tax break by gifting crypto to charity — but there may be some pitfalls

David Bale7 months ago06 mins

Hispanolistic | E+ | Getty Images If you’re planning a gift to charity this holiday season, you could score a tax break by donating cryptocurrency. But there are some key things to know before making the transfer, experts say. In 2024, there’s been a significant jump in crypto gifts to charity, according to Fidelity Charitable,…

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