Donate with your IRA
Have You Heard???
The IRA Charitable Rollover Law allows you to make a Qualified Charitable Distribution (QCD) from your IRA up to $100,000 to Springboard Landings (a qualified public charity - Fed. ID #80-0650695), WITHOUT HAVING TO PAY TAXES ON THE MONEY!!
If you are 70 1/2 or older, you can give any amount up to $100,000 from your IRA to Springboard Landings (Fed. ID # 80-0650695).
The transfer generates neither taxable income nor a tax deduction, so you still benefit even if you do not itemize deductions.
Although the CARES ACT waived the RMD (required minimum distribution) for 2020, you may still make a QCD (Qualified Charitable Distribution) up to $100,000.
The transfer directly to charity, not to the owner, may be made in addition to any other charitable giving you have planned.