Posts Tagged ‘retirement accounts’
Senators Coons, Cramer Introduce Bipartisan Bill Targeting Retirement Donation Barriers
U.S. Senators Chris Coons and Kevin Cramer (N.D.) have introduced the Charity Parity Act, a bipartisan bill that would allow taxpayers to make direct charitable donations from employer-sponsored retirement plans such as 401(k)s and 403(b)s. Currently, those tax-free qualified charitable distributions are only available through IRAs, requiring additional steps and fees for many donors. Supporters…
Read MoreSenators Coons, Kaine, Colleagues Introduce Bill To Support Federal Employees Experiencing Financial Hardship During Shutdown
U.S. Senators Chris Coons and Tim Kaine of Virginia have introduced the Emergency Relief for Federal Workers Act, legislation that would support federal employees who are experiencing financial hardship during government shutdowns. During past shutdowns, many federal employees turned to their Thrift Savings Plan (TSP) retirement accounts to make hardship withdrawals to cover bills. However,…
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