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Community: Investing Wiki

Term Of The Hour

IRA inheritance donations: Original post by Allison Westbrook of Demand Media Donations from inherited IRAs to charity yield tax benefits, rather than consequences.The U.S. tax code imposes tax constraints on estate beneficiaries. Depending on the overall amount of an IRA and the estate it’s a part of, total taxes on some IRAs could reach 60 percent or more. By donating money in an IRA to charity, the IRA beneficiary…

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