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QCDs remain a powerful, non-income itemized alternative for IRA owners 70½+, with a $108,000 annual limit in 2025.
The largely preserves traditional AGI‑based caps on charitable deductions (notably the permanent 60% limit for cash gifts to public charities) while making 2025 a strategic year to accelerate giving a...
Roth conversions can shrink the slice of retirement income that counts toward Social Security taxation by replacing future taxable IRA/401(k) withdrawals with tax-free Roth distributions, but the conv...
A new, temporary $6,000 "senior" deduction (up to $12,000 for two qualifying spouses) is available for taxpayers age 65+ for the 2025–2028 tax years, but the full amount is limited by a MAGI-based pha...