Tax Planning Tips for Americans Living in Israel | Reduce Tax Liabilities and Maximize Savings!

Yosefa Huber January 25, 2024

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Yosefa Uber, an expert accountant specializing in American taxes for residents of Israel, sits down with Doug to go over: 

  • Qualified Charitable Distributions (QCDs) allow you to donate money from your IRA directly to charity tax-free instead of taking required minimum distributions 
  • To qualify, the money must go directly from your IRA to the 501(c)(3) charity – You can donate up to $100,000 per year per individual this way 
  • Benefits: Helps you meet your required minimum distribution without paying tax, allows you to donate to charity tax-free 
  • Eligibility: You must be over age 70.5 when making the donation 
  • Keep receipts as documentation even though the distribution doesn’t show up as taxable income 
  • Consider connecting your investment advisor and accountant so they can coordinate advice 

Resources
Interview guest Yosef Huber provides US tax services for Americans in Israel (hubertaxcpa.com)

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