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CHARITABLE CONTRIBUTIONS BY “OLDER IRA OWNERS”
- cpaboca1040
- Dec 1, 2017
- 1 min read
IRA owners age 70 ½ or older can transfer up to $100,000 per year to eligible charities tax-free. The transfer can count as part of your Required Minimum Distribution (RMD) for the year. Funds must be transferred directly by the IRA trustee to the eligible charity.
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