You’ve worked hard, saved diligently and are ready to enjoy your retirement years. Maybe you’re also looking for a way to give back to the organizations and causes that have been important to you. Consider making a gift from your IRA.
If you’re 70½ or older, you can use the IRA charitable rollover to make a tax-free gift to the Atlanta Humane Society. This law allows you to transfer any amount up to $100,000 directly to a qualified charitable organization without paying income tax on the distribution.
When you use the IRA charitable rollover to make a gift to the Atlanta Humane Society:
- Your gift will be put to use today, allowing you to see the difference you’re making.
- You pay no income taxes on the gift. The transfer doesn’t generate taxable income or a tax deduction, so you benefit even if you do not itemize your tax deductions.
- If you have not yet taken your required minimum distribution for the year, your IRA charitable rollover gift can satisfy all or part of that requirement.
Not 70½ Yet?
You can still support our mission with your IRA. Simply name the Atlanta Humane Society as a beneficiary of your account, and we’ll receive the funds, or the portion you designate, after your lifetime.
Learn more and get your free guide at atlantahumane.planmylegacy.org/how-to-ira.
If you have any questions or would like help facilitating a gift before December 31st please contact James Tyson at jtyson@atlantahumane.org.
The information in this publication is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in examples are for illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results.
