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Giving From Your IRA Provides Tax Benefits and Helps the Charities You Care About


When you give to Youth Services through a direct transfer from your IRA, you reap tax benefits and improve the lives of at-risk and homeless youth across our community.

If you are at age 70½ or older, Qualified Charitable Distributions (QCDs), also known as IRA Charitable Rollovers, are a savvy way you can use your IRA to maximize your charitable impact. Because the check is sent directly from the IRA to the charity, it allows you to exclude the amount from taxable income.

Here are a few important details you need to know:

• You must be at least 70 1/2 years old when you make your gift.

• The gift must be made from an IRA – no other retirement plans, such as a

401k, 403b or SEP account, qualify.

• Your gift must be paid directly from your IRA to the charity or charities.

• Although it does not create a tax deduction, your IRA distribution will be

free from income tax.

• Your distribution gift must be postmarked no later than December 31,

2021 to qualify for the 2021 tax year.

• The annual QCD limit is $100,000 per account holder.

To make an IRA charitable rollover gift, simply contact your IRA plan administrator and direct them to make a distribution to your favorite charities. Youth Services is happy to provide you a sample letter of instruction you can send to your plan provider.

For more information on how you can use your IRA to benefit Youth Services, contact Suzy Sharp, Director of Development at 918-382-4401 or sharp@yst.org.

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