Do you own an IRA? Are you 70 ½ or older? Maximize your giving impact and personal tax benefits at the same time! Consider supporting your favorite parish, school, or agency through an IRA qualified charitable distribution (QCD) gift.
For those eligible, this is often the most tax-advantageous way to charitably give each year, even if you don’t itemize:
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Tax-free giving – directly from your IRA to your favorite Church ministries (up to $100,000/year)
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Count towards RMD - satisfy your required minimum distribution for the year (for those 73+)
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Lower taxable income – even if you don’t itemize deductions, as QCDs don’t count as income
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Planned giving - conducive to annual giving all-at-once or strategically throughout the year
Learn more at www.archindy.org/IRAdonation or call (317) 236-1482 for questions or help. Please contact your IRA custodian for any specific forms/steps they may require.
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