If you’re 70.5 or older, you have a fantastic opportunity to turn your required IRA distribution into a meaningful contribution to JFS while enjoying potential tax benefits!
With an IRA charitable rollover, you can donate up to $105,000 annually directly from your IRA, helping to satisfy your required minimum distribution (RMD). This not only supports essential community services but also keeps your taxable income in check!
For those aged 73 and older, fulfilling your RMD through a donation to JFS can lower your tax bill and potentially prevent you from moving into a higher tax bracket. Talk about a win-win!
Your gift funds vital services that support families and individuals relying on JFS for mental health assistance, nutrition, and care as they age.
Interested in learning more? Reach out to Elizabeth Macanufo at emacanufo@jfsstl.org or call 314-812-9363 to see how your IRA can make a big difference!