IRA Charitable Rollover
Are you looking for a way to make a big difference by helping people in need?
If you are age 70½ or older you may also be interested in a way to lower the income and taxes from your IRA withdrawals. An IRA charitable rollover is an excellent way for you to help serve people affected by disaster, conflict, and poverty.
As of December 15th, 2015, Congress has agreed to enact the IRA Charitable Rollover provision for the tax code. Further, the provision will be retroactive to January 1, 2015, and will now be a permanent provision.
If you are age 70-1/2 or older, taking action and reaping the benefits is easy. Simply contact your IRA Custodian (usually the financial services company that manages your IRA) and let them know you wish to make a qualifying IRA Charitable Rollover gift. They will be able to handle the entire process for you.
Once again: To meet IRS regulations, make sure funds are sent directly from your IRA custodian to Medical Teams International. Make sure you discuss any IRA-related actions with your CPA, Financial or Professional Tax Advisor. Medical Teams International does not provide tax advice and encourages you to contact your professional tax advisor before acting.
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Remember: Gifts can be made any time throughout the year and in future years without expiration.