IRA Charitable Rollovers
The IRA Charitable Rollover allows individuals 70½ or older to make a tax-free rollover using funds transferred directly from an IRA to charity. This means you can donate up to $100,000 from your IRA without having to count the distribution as taxable income, and the amount given will count towards your required minimum distribution. Since you will not be taxed on the income, no income tax deduction may be claimed. Contact us or consult your plan administrator for more details.