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New bipartisan bill would let retirees use their 401(k) to make direct charitable donations

Personal Finance CNBC By CNBC 18 May 2026 19:22 1 min read
New bipartisan bill would let retirees use their 401(k) to make direct charitable donations

Under current law, qualified charitable distributions — which are available to people age 70 1/2 — can only be made from individual retirement accounts.

Under current law, qualified charitable distributions — which are available to people age 70 1/2 — can only be made from individual retirement accounts.

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