IRA charitable donations: An alternative to taxable required distributions

IRA charitable donations: An alternative to taxable required distributions

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IRA charitable donation

Are you a charitably minded individual who is also taking distributions from a traditional IRA? You may want to consider the tax advantages of making a cash donation to an IRS-approved charity out of your IRA.

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IRA charitable donations are an alternative to taxable required distributions

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Qualified Charitable Distributiosns

Are you charitably minded and have a significant amount of money in an IRA? If you’re age 70½ or older, and don’t need the money from required minimum distributions, you may benefit by giving these amounts to charity.

Continue Reading: IRA charitable donations are an alternative to taxable required distributions