Make A Gift From Your IRA Today!
If you are age 70½ or older, gifts directly to a charity from your IRA are considered Qualified Charitable Distributions (QCDs). Your gifts to Legal Aid of NorthWest Texas (up to $100,000 annually) would count toward your required minimum distribution (beginning at age 72), and would not be considered taxable income for you, which effectively reduces your adjusted gross income (AGI).
Contact your IRA administrator to discuss a fund transfer to Legal Aid and/or other charities of your choice well before December 31 to provide adequate time for the administrator to process your request.
For additional information contact John Householter at 817.339.5380, [email protected], or speak with your tax advisor.
Contact your IRA administrator to discuss a fund transfer to Legal Aid and/or other charities of your choice well before December 31 to provide adequate time for the administrator to process your request.
For additional information contact John Householter at 817.339.5380, [email protected], or speak with your tax advisor.