A tax-saving charitable gift for non-itemizers
Due to an increased standard deduction, many individuals and couples will no longer be able to claim itemized deductions. However, a tax-free IRA charitable rollover offers the following benefit to individuals age 70 1/2 or older:
– The ability to direct a current, outright IRA gift, up to $100,000, to our church, or other qualified charities
– Satisfaction of the required minimum distribution without increasing taxable income
– No loss of a charitable contribution itemized deduction
– Ability to direct your gift to any area of our parish operations
For more information, please contact:
Marta Barkhausen, Business Manager – 732-793-7291 x322 or marta@stpioparish.com