Congress has recently passed legislation signed into law that affects retirement plan contributions, distributions, and taxes for the tax year 2020 and beyond.
If you participate in a qualified retirement plan, you must generally begin taking required withdrawals from the plan no later than April 1 of the year after which you turn age 70½.
If you’re age 70½ or older, you can make direct contributions from your IRA to qualified charitable organizations without owing any income tax on the distributions
