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IRA Charitable Donation

Author: Lillian Schneider | 08/05/21

Once you reach age 72, you must make Required Minimum Distributions (RMDs) from your IRA each year. RMDs are treated as taxable income except when you make a charitable IRA rollover. Donations you make directly from your IRA to Jefferson Land Trust (up to $100,000 a year) are exempt from income tax. Check with your IRA administrator for details.

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