26. August 2020 - 13:00 till 14:30
Community Foundation Santa Cruz County, Aptos
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Use Your Required IRA Withdrawal for Charity (and Skip the Taxes!) - August 26, 2020 | Wednesday, 26. August 2020

Individual Retirement Accounts (IRAs) can qualify for tax-free charitable distributions. Extended tax benefits allow more people to experience the joy of giving during their lifetimes. 

At age 72 (or at age 70.5 if you were 70.5 in 2019 or before) the IRS requires you to begin taking withdrawals called “Required Minimum Distributions” from your traditional IRA account. The amounts withdrawn are taxable at ordinary income tax rates. Depending on your tax bracket, that may be a tax-painful event, especially if you don’t need or want the additional income. 

You can avoid these taxes by transferring some or all of your Required Minimum Distribution amount directly from your IRA to your favorite charities. This is called an IRA Charitable Rollover (or Qualified Charitable Distribution).

Join us to learn more!

How to request an IRA Charitable Rollover

Which charities qualify to receive an IRA Charitable Rollover

Other recent changes in tax laws regarding IRAs

There is no charge for this event, but registration is required.  You can register by clicking the green "Register" icon at the upper right-hand part of this page.

Questions: Contact Danu Schoeck, email or 831.662.2063


                                        Sam Leask, Philanthropic Services Director


                                              Robin Larsen, Donor Services Officer