It’s Time to Act!

IRA 2015_Web Crop_alt 2

It’s Time to Act!

You May Now Donate IRA Funds Tax Free! On December 18th, President Obama signed into law the Protecting Americans from Tax Hikes Act (PATH). The bill includes a number of provisions that are favorable for philanthropy and charitable giving. The new law permanently allows IRA owners age 70½ and older to make a “Qualified Charitable Distribution” from their IRA accounts. These gifts (excluded from income tax up to $100,000 per taxpayer per year) must be made directly to a qualified charity, such as Presbyterian Children’s Homes and Services. Now, otherwise taxable “Required Minimum Distributions” can become non-taxable “Qualified Charitable Distributions.” For more information please contact: Rev. Peter D. Crouch, PCHAS’ Vice President for Development, by email: peter.crouch@pchas.org or by phone: (512) 433-9157.

IRA 2015_Announce Button

IRA 2015_Sample Button