Qualified Charitable Distributions (QCDs) are a highly effective tool in the tax planning toolkit, particularly for retirees who must take Required Minimum Distributions (RMDs) from their Individual Retirement Accounts (IRAs). By directing a portion or all of an RMD directly to a charity, taxpayers can potentially reduce their taxable income significantly, yielding multiple tax advantages.
Pension Catch-up Contributions
Make Sure Your Tax Filings Are Mailed on Time
This January, the Social Security Fairness Act (SSFA) was signed into law, repealing the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO). These repealed provisions had previously reduced Social Security benefits for some public-sector…
How to Benefit From Qualified Charitable Distributions (QCDs)
Qualified Charitable Distributions (QCDs) are a highly effective tool in the tax planning toolkit, particularly for retirees who must take Required Minimum Distributions (RMDs) from their Individual Retirement Accounts (IRAs). By directing a portion or all of an RMD directly to a charity, taxpayers can potentially reduce their taxable income significantly, yielding multiple tax advantages.
Sarah K. Godfrey and Mark S. Burgess Named Partners of UMMC
The Partners of Updegrove, McDaniel, McMullen and Chiccehitto, PLC, are pleased to announce that Sarah K. Godfrey, CPA, and Mark S. Burgess, CPA, have become Partners with the Firm, effective January 1, 2025. Sarah, a dedicated member of our Warrenton office since 2012, graduated George Mason University with a Bachelor of Science in Accounting. She […]
UMMC Participates Annually to Benefit Many Organizations
UMMC partners and staff are very active in both their work and home communities throughout the year in a variety of service projects. Their contributions make a tangible, lasting impact on these communities and benefit many worthy organizations. Service plays a significant role in UMMC’s firm culture and these efforts are celebrated. Over the years, […]
UMMC Welcomes Kiah Ziegler and Kristen Evick
The UMMC team welcomes Kiah Ziegler and Kristen Evick. Kiah joined UMMC in August of 2024 as a tax accountant in our Warrenton office. She is currently working on receiving her Master of Accounting at William & Mary before progressing toward becoming a CPA. In her former position as FBO Operations Manager, she oversaw the […]