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So far this year we have helped over 1,500 individuals and households file income tax returns, income tax withholding checkup, apply for property tax exemption, and provided other assistance.
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Ren Locus
PO BOX 2752
Vancouver, WA 98668
Qualified Charitable Distributions
If you are over 70 ½ and have an IRA, you can reduce your taxable income and help a charity at the same time!
“Qualified charitable distributions (QCDs).
A QCD is generally a nontaxable distribution made directly by the trustee of your IRA (other than an ongoing SEP or SIMPLE IRA) to an organization eligible to receive tax-deductible contributions. You must be at least age 70½ when the distribution was made. “
Source:
IRS publication 590-B Distributions from Individual Retirement Arrangements (IRAs): Are Distributions Taxable? > Qualified charitable distributions (QCDs)