For our members now taking Required Minimum Distributions (RMD’s) from their IRA’s please be advised that Congress has extended the Qualified Charitable Distribution (QCD) law with no expiration date. This extension of the law allows traditional IRA owners age 70 ½ and older to avoid tax on transfers made directly from their IRA to an eligible charity, such as the NSRWA, up to a $100,000 limit. A QCD counts towards the required minimum distribution that one must otherwise receive from one’s IRA for the year.
QCD’s offer advantages over taking a taxable IRA distribution and then taking the proceeds of that distribution to a charity. Ask your tax or financial advisor for benefits that may apply to you. Plus, know that your gift will have an impact locally by helping to inspire a community of stewards dedicated to a healthy and vibrant watershed in 2017!
Please contact Gabriela Silva at email@example.com or visit IRA FAQs – Distributions.