Year-End Money Tips Part One
Jill on Money with Jill Schlesinger
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Is the Qualified Charitable Distribution Important?
The qualified charitable distribution is a very, very important thing for people that are taking their required minerum distributions to be aware of. You can take up to a hundred thousand dollars, or your r m d, the lesser of those two, and have that money be directed to a charity. It's more powerful than an itemized deduction. End of the year is often when people start looking for tax loss harvesting.
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