It’s become vogue for our wealthier seniors (those whose finances do not rely on the need for IRA distributions) to make qualified charitable distributions. That is when all or part of the annual RMD (required minimum distribution) is funneled directly to a charity- without once taking possession of the funds. The funds that are directly channeled do not count as part of the donor’s taxable income.
Continue reading IRA to Charity- Benefits and Pitfalls
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