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Using your IRA for Tax-Saving Charitable Gifts

The Custer County Foundation can help turn your individual retirement accounts (IRAs) into tax-saving charitable gifts. Extended tax benefits allow more people to experience the joy of giving during their lifetime.A Qualified Charitable Distribution (QCD) is a distribution from an Individual Retirement Account (IRA) that allows taxpayers who are over the age of 70½ to give up to $100,000 directly to a non-profit organization without having to count the distribution as taxable income. You …