Can You Donate to Lower Roth Rollover Taxes?

Thinking about moving your IRA to a Roth and worried about the tax hit? Here’s the scoop: you can’t just send your tax bill to your favorite charity, but you can donate directly from your IRA to a nonprofit and shrink your taxable income. It’s called a QCD (qualified charitable distribution). So, if you’re feeling generous and want to save on taxes, consider giving straight from your IRA before you convert. It’s a win-win for you and your cause! #MoneyHacks #TaxTips #RothIRA #Charity #PersonalFinance #Finance