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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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