A Tax-Saving Way to Help IMANA
A Tax-Saving Way to Help IMANA “Qualified Charitable Distributions”
If you are 70½ years old or older, you can take advantage of a simple way to benefit IMANA and receive tax benefits in return. A Qualified Charitable Distribution (QCD) is a distribution of up to $100,000 from an IRA after an individual reaches age 70 1/2 that is paid directly to a qualified charity such as IMANA. The QCD is tax-free to both the IRA owner and the charity.
The “Protecting Americans from Tax Hikes Act of 2015” (PATH Act) enacted on 12/18/2015 made Qualified Charitable Distributions (QCDs) from IRAs permanent. As a donor, you are free to make annual gifts to our organization this year and well into the future and continue to receive the tax benefit.