Retired clients can put their qualified charitable distributions to work for a small, taxable income stream if they exercise care using charitable gift annuities (CGAs), advisors say.

In this guide, we’ll break down how non qualified annuities work, their tax implications and help you decide if they’re the ...

I then invest this total amount into a retirement annuity (RA), as I do not require these funds. On submitting my tax return, I can claim a deduction per the current statutory tax rules.

With only two weeks remaining in the 2024/2025 tax year, taxpayers have a final opportunity to maximise their tax-deductible ...

The deduction limit remains clearly stated within the section, while the schedule provides an easy-to-understand breakdown of ...

Income taxes are taxes that are collected on the individual earnings of persons or entities. Depending on the jurisdiction, income taxes are calculated and collected in a variety of ways.

You will receive an income tax charitable deduction this year for the value of your gift to Jewish Federation of Metropolitan Chicago. Deferred Gift Annuity for Income at Future Date Perhaps you are ...

In Budget 2025, the government opted not to modify the existing tax regime or introduce any new deductions. Finance Minister ...

We hope that an additional deduction will be allowed for investment ... The government should consider exempting annuity income from tax to encourage investment into NPS,” says Harshad ...