June 15, 2016
by
DignityUSA
<p>By Jack Freilingsdorf former Board Member and Fundraising Chair</p>
<p>You can support DignityUSA and reduce your taxes at the same time. Congress has enacted a law letting you do both legally. If you are 70 or over (and I know Im not the only one) and own a traditional IRA you are required to take a mandatory minimum withdrawal each year. The amount varies depending on the size of the account and your age. The withdrawal is taxable by Uncle Sam and depending on where you live by your state too. The law now lets you do something special with your IRA to reduce taxes but you must act before the end of the year.</p>
<h4>Rollover into tax savings. </h4>
<p>You can transfer up to $100000 tax-free directly from your IRA into a qualified non-profit like DignityUSA. Any gift amount will count against your minimum distribution so long as it goes directly from the IRA to the charity reducing your income and taxes. Best of all an IRA rollover gift is an easy and great way to further our mission.</p>
<p>Contact your broker or IRA DignityUSAistrator to obtain the forms authorizing the transfer. They will do all the work and notify you and DignityUSA when it is completed. You can set it up as a one-time gift or a recurring donation. This opportunity may not last but your gift will support our mission well into the future.</p>
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