IRA CONTRIBUTIONS
GIVING FROM YOUR IRA STILL MAKES SENSE!
In 2006, Congress approved a two-year “IRA Charitable Rollover Option” that allowed certain seniors to give sizeable tax-free qualified charitable distributions (QCD) to their favorite charities. Since then, the law was repeatedly reinstated in two-year increments, until it became permanent in 2015.
As administrations have changed and tax laws have evolved, this truth has remained consistent: giving from an IRA remains the obvious choice for donors who qualify.
If you are at least 70 ½ years old, you can give up to $100,000 from your IRA (or $200,000 for couples) to Norfolk Christian and receive significant tax benefits in return.
Any gifts from your IRA…
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allow you to give in a substantial way without affecting your cash flow,
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reduce your taxable income (whether or not you itemize!)
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can be used to fulfill any charitable pledges you’ve made, AND
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will fulfill all or part of your required minimum distributions.
It’s a time-tested, win-win, tax-wise giving solution!