Congress moves to unlock 401(k) charitable donations
Millions of retirees hold their savings in 401(k) plans, but cannot use those funds for tax-free charitable donations under current federal law. A bipartisan bill introduced in both chambers of Congress on May 13, 2026, would change that. The Charity Parity Act would let individuals aged 70½ and …
Millions of retirees hold their savings in 401(k) plans, but cannot use those funds for tax-free charitable donations under current federal law. A bipartisan bill introduced in both chambers of Congress on May 13, 2026, would change that. The Charity Parity Act would let individuals aged 70½ and …
Millions of retirees hold their savings in 401(k) plans, but cannot use those funds for tax-free charitable donations under current federal law. A bipartisan bill introduced in both chambers of Congress on May 13, 2026, would change that. The Charity Parity Act would let individuals aged 70½ and …
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