If you are 70½ or older, you may be interested in a way to lower the income and taxes from your IRA withdrawals. An IRA charitable rollover is a way you can help improve the health of San Antonio and benefit this year.
Benefits of an IRA charitable rollover
- Avoid taxes on transfers of up to $100,000 from your IRA
- Satisfy your required minimum distribution (RMD) for the year
- Reduce your taxable income, even if you do not itemize deductions
- Make a gift that is not subject to the 50% deduction limits on charitable gifts
**Please note that IRA charitable rollover gifts do not qualify for a charitable deduction
If you have questions, need more information, or would like to expedite an IRA charitable rollover, please contact the Foundation Office.