IRA Charitable Rollover Extended
Congress has once again extended the IRA Charitable Rollover law until December 31st.
That means if you are 70½ years old or older, you can give up to $100,000 from your IRA directly to a qualified charity like the FINCA without having to pay income tax on the money.
This gift is great if:
- You are 70½ or older.
- You want to satisfy your IRA’s minimum required distribution without generating taxable income.
- You are interested in transferring money from your IRA tax-free.
- You want to support FINCA with a tax-free gift.
To make this donation, you will need to instruct your plan administrator to initiate a direct distribution to FINCA and it must be made by December 31st.
I hope you will consider this special opportunity that benefits both FINCA and you.
Thank you for all that you do.