A tax-saving charitable gift

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