CHARITABLE GIVING USING QUALIFIED CHARITBLE DISTRIBUTIONS
By: Marianne Johnston, Esquire What is a Qualified Charitable Distribution? A Qualified Charitable Distribution (QCD) is a tax strategy that allows you to support charities dear to your heart directly from your individual retirement account (IRA). When you make withdrawals from a traditional IRA account, those distributions are usually taxed as ordinary income to the…
NOT SO BASIC ESTATE PLANNING
by Thomas D. Begley, Jr., Esquire, CELA Begley Law Group has a staff of 25 people, five of them are lawyers. We have offices in Cape May Court House and Moorestown, New Jersey. Our telephone numbers are (609) 368-3389 for Cape May Court House and (856) 235-8501 for Moorestown. There are a number of…
MEDICARE IMPLEMENTS $2,000 PRESCRIPTION COST CAP
By: Adam Cohen, Esquire As of January 1, 2025, Medicare has implemented a significant change to its Part D prescription drug program by capping annual out-of-pocket expenses at $2,000. This initiative, part of the Inflation Reduction Act of 2022, aims to alleviate the financial burden of medication costs for millions of Medicare beneficiaries. Previously, Medicare…