IRA Charitable Distribution: Donate IRA to charity

Donating part or all of your unused retirement assets, such as your individual retirement account (IRA), is an excellent way to make a contribution to a charity likeSt. Jude. Charitable donations from an IRA may provide tax benefits as well. Download Sample IRA Letter Contact Us Access tax information Why donate from an IRA?Donating from an IRA to a charity has benefits for both you and nonprofits. Is donating from an IRA to charity tax deductible?Qualified charitable distributions (QCDs) to eligiblecharities up to $105,000 avoid being subject to federal income taxes.You can make IRA-qualified charitable distributions from traditional IRAs, inactive Simplified Employee Pension (SEP) plans, and inactive Saving Incentive Match Plan for Employees (SIMPLE) IRA.If you are age 70½ or above, you can make QCDs directly from your IRA to St. Jude or another eligible charitable organization. This distribution may be excluded from your federal taxable income and potentially provide other benefits....