Retirees who have reached age 70½ now have a larger tax-free channel for charitable giving from their individual retirement accounts. The qualified charitable distribution cap sits at $111,000, up from the original $100,000 ceiling that held steady for nearly two decades. Because these transfers count toward a required minimum distribution

When a retired schoolteacher in a small Ohio town died in early 2024, her husband assumed the paperwork was handled. She had a will, a modest 401(k), and a joint checking account. But within weeks, he learned that her retirement plan still named her first husband as beneficiary. The bank