IRA Charitable Rollover
Made a permanent provision in 2015, the IRA Charitable Rollover allows individuals 70½ or older to make a tax-free rollover using funds transferred directly from your IRA. This means you can donate up to $100,000 from your IRA without having to count the distribution as taxable income and it counts towards your required minimum distribution. Since you will not be taxed on the income, no income tax deduction may be claimed. Consult your plan administrator for more details.
Please contact our office with questions, to discuss how your gift will be used, and for a sample IRA rollover instruction letter to share with your administrator at email@example.com or (615) 343-3113.