Can I Use Money from My IRA to Donate to Charity?

[ad_1]

Money from an individual retirement account can be donated to charity. What’s more, if you’ve reached the age where you need to make required minimum distributions (RMDs) from your traditional IRAs, you can avoid paying taxes on them by donating that money to charity. That tax break was made permanent in 2015. You just have to be sure to follow the rules carefully. Here’s what you need to know.

Key Takeaways

  • Funds from…

[ad_2]

https://www.investopedia.com/taxes/can-i-use-money-my-ira-donate-charity/?utm_campaign=rss_headlines&utm_source=rss&utm_medium=referral