Answer
Usually when individuals take distributions from their Individual Retirement Accounts (IRAs), it counts as income for tax purposes. An IRA charitable rollover, also called a Qualified Charitable Distribution (QCD), is an exception. Individuals age 70.5 and older can distribute up to $100,000 each year from their IRAs to their favorite 501(c)(3) without counting the distribution as income.
Hope For Paws manages Qualified Charitable Distributions through our partner FreeWill.com. Please visit this page to be guided through the process of creating the charitable distribution from your retirement account.
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