Nonprofit Retirement Tax Planning 
Harness Wealth
FEBRUARY 4, 2025
Higher Capital Gains Tax Rate: Long-term gains from collectibles are taxed at 28%, higher than the maximum 20% rate for stocks and real estate. Charitable Donations: Donating collectibles to a qualified nonprofit can provide tax deductions based on fair market value. This article is a product of Harness Tax LLC.
Carson Wealth
JUNE 26, 2025
The transition from employment to retirement can be complex. Retirement-related behavioral and financial changes raise many tax planning questions and opportunities. Provisional income is your adjusted gross income PLUS tax-free interest PLUS 50% of gross Social Security benefits. Suddenly, that will slow or stop.
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Carson Wealth
NOVEMBER 3, 2022
Use a qualified charitable distribution (QCD) from your individual retirement account (IRA). If you are age 70 ½ or older, you can transfer money from your IRA to a charity as a qualified charitable distribution (QCD), which makes it tax-free up to $100,000 ($200,000 if you file jointly). Donate valuable assets that aren’t cash.
Harness Wealth
APRIL 26, 2022
Buy crypto in an Investment Retirement Account (IRA). Did you know you can buy crypto through an IRA and receive the same tax benefits? Just like with other assets, if you buy crypto through an IRA, the tax will be paid at your income tax rate at retirement. The charity just needs to be a registered nonprofit.
Nerd's Eye View
AUGUST 23, 2023
In this guest post, Kathleen Rehl, a semi-retired financial advisor and educator now focusing on her own estate planning considerations, shares her experience with creating her "Legacy IRA" rollover to a Charitable Gift Annuity to support her chosen nonprofits after Congress passed the SECURE 2.0 But the SECURE 2.0
Nerd's Eye View
JANUARY 31, 2024
In late 2019, Congress passed the Setting Every Community Up for Retirement Enhancement (SECURE) Act, introducing several significant changes to retirement planning. This shift has led financial advisors to explore new strategies for mitigating the resulting tax-planning challenges.
The Big Picture
AUGUST 15, 2023
And it got to the point where there was the potential to do this nonprofit, like charitable bet. It’s part of their own tax planning. Let’s jump to my favorite questions that I ask all of my guests, some of which I think I’m ready to retire. SEIDES: Yeah, that’s right. I like Buffett’s idea.
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