USE YOUR IRA TO DONATE & AVOID TAXES ON YOUR REQUIRED IRA DISTRIBUTION FOR 2014
GOOD NEWS! Congress has just acted to extend the IRA Charitable Rollover for 2014.
If you are 70-1/2, you are required to take a distribution from your IRA. These distributions are normally taxable. However, if the IRA distribution, up to $100,000, is contributed directly to a charity, the IRA withdrawal is non-taxable. AND, you need not itemize deductions to receive this tax benefit.
Please contact Dean at PHP at dap@syvphp.org or 686-0295, x 108 if you need further information.
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