Your legacy can help build a world where everyone has a decent place to live
Maximize Your Tax Benefits
Are you turning 70 1/2 this year?
It may be time to start thinking about IRA Required Minimum Distributions (RMD). Your RMD can leave you with a tax bill because it is taxed as ordinary income. This year, instead of paying more in taxes, use a Qualified Charitable Distribution (QCD) to support Genesee County Habitat for Humanity.
You will not be taxed on the transfer, and it counts as your required distribution. Best of all, it is easy! Contact your IRA custodian today and see how you can maximize your tax savings. The QCD allows you to transfer any amount up to $100,000 from your IRA directly to nonprofits. You pay no taxes on the transfer, and your gift supports our important work.
It may be time to start thinking about IRA Required Minimum Distributions (RMD). Your RMD can leave you with a tax bill because it is taxed as ordinary income. This year, instead of paying more in taxes, use a Qualified Charitable Distribution (QCD) to support Genesee County Habitat for Humanity.
You will not be taxed on the transfer, and it counts as your required distribution. Best of all, it is easy! Contact your IRA custodian today and see how you can maximize your tax savings. The QCD allows you to transfer any amount up to $100,000 from your IRA directly to nonprofits. You pay no taxes on the transfer, and your gift supports our important work.
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For more information, please contact us at 810-766-9089 ext. 210 or development@geneseehabitat.org.
