If you are 70½ years or older, you may be looking to lower the income and taxes from your IRA withdrawals. An IRA charitable rollover is a great way you can help support Indiana 4-H youth — and you’ll still benefit financially!
Benefits of an IRA charitable rollover:
- Avoid taxes on transfers up to $111,000 from your IRA to the Foundation
- Satisfy your required minimum distribution (RMD) for the year
- Reduce your taxable income, even if you do not itemize deductions
- Make a gift that is not subject to the deduction limits on charitable gifts
- Help further the work and mission of Indiana 4-H!