We discussed the IRA Charitable Contribution option for folks age 70½ or better, and it’s possible from that article that you got the impression that if you are younger than 70½, you are not able to make charitable contributions with money from your IRA. Nothing could be further from the truth! You can always make charitable contributions of any money you wish… the question is, what will such a move do for you tax-wise?
If you’re under age 70½
You can make charitable contributions from your IRA account – the only problem is that you must first count the distribution …Read More