What are the mechanics of contributing my annual IRA distribution to charity?
2006-10-17 15:16:28 · 3 answers · asked by mindy 1 in Business & Finance ➔ Personal Finance
Apparently new tax rules allow this transfer without including the distribution in my income.
2006-10-17 15:18:21 · update #1
Charitable Remainder Trusts (CRT)
This one is a little exotic, requires more help from more professionals, but can be very rewarding to everyone concerned, and actually make you money in the long run.
Check out the book
Do well by Doing Good, by Keith E. Gregg
(The modern way to create income, save taxes and benefit your favorite charities)
If your library doesn't have it, have them get it through the Interlibrary Loan system.
2006-10-17 18:56:56 · answer #1 · answered by dredude52 6 · 1⤊ 0⤋
You shouldn't be allowed to do that tax free. You need to pay your fair share like I do. My taxes have helped more unfortunates than your crooked admin heavy charities ever will.
2006-10-17 22:26:27 · answer #2 · answered by jekin 5 · 0⤊ 0⤋
send it to my address in the form of a check or money order made out to me... I'll take care of everything from there
2006-10-17 22:19:25 · answer #3 · answered by 411sponge 2 · 0⤊ 0⤋