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Last year a break valued by many charitably inclined retirees was made permanent: the charitable IRA rollover. If you’re age 70½ or older, you can make direct contributions — up to $100,000 annually — from your IRA to qualified charitable organizations without owing any income tax on the distributions.
August 2, 2016 Ross DiMaggio, CPA Tax Deduction, taxes, Individual Taxes, tax, RMD, potential negative tax consequences, charity, retire, be tax smart, traditional IRA, RMD Payout, REQUIRED MINIMUM DISTRIBUTIONS, retirees, rollover, IRA, philanthropy, charitable IRA, donations, Satisfy your RMD
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