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The IRA Charitable Rollover provision that allows tax-free charitable gifts directly from an IRA is scheduled to expire December 31 of this year.
Do you know someone 70½ or older who can take advantage of this special opportunity? A gift to JVS is an investment in our community, providing over 5,000 people annually with opportunities to build skills, find jobs and achieve self-sufficiency. You may contribute funds this way if:
The IRA Charitable Rollover provision allows individuals aged 70½ and older to donate up to $100,000 from their Individual Retirement Accounts (IRAs) to public charities without having to count the distributions as taxable income. If eligible, please contact your plan provider for information on their process. Please note: JVS is not qualified to provide legal, tax or investment advice. Please consult with your professional advisors before making any planned gift. |