The CPA Desk

A Thought Leader Production by PKFTexas

Tag Archives: IRA

How Can Charitable IRA Rollover be Beneficial in 2018?

The considerations involved in deciding whether to make a direct IRA rollover have changed in light of the Tax Cuts and Jobs Act (TCJA). If you’re age 70½ or older, you can make direct contributions — up to $100,000 annually — from your IRA to qualified charitable organizations without owing any income tax on the… Continue Reading

The TCJA Prohibits Recharacterization, 2017 Conversions Still Eligible

Converting a traditional IRA to a Roth IRA can provide tax-free growth and tax-free withdrawals in retirement. But what if you convert your traditional IRA — subject to income taxes on all earnings and deductible contributions — and then discover you would have been better off if you hadn’t converted it? Before the Tax Cuts and Jobs… Continue Reading