Congress recently passed a tax change that may affect members of your family.
A tax change that may affect members of your family
December 22, 2015
by Iris Brunner
If you or a relative of yours is 70½ or older, you can roll over up to $100,000 from your IRA to Radiant Health.
- That rollover gift counts against your required minimum distribution (RMD) for 2015.
- The distribution is tax-free, and you do not have to itemize deductions to get the benefit.
- The gift is not limited to 50 percent of charitable gifts.
To qualify, your roll-over must be received on or before December 31, 2015 to qualify for the 2015 tax year. The same tax roll-over qualifications will apply for 2016.
If you would like more information on the IRA Rollover, contact Marlene Minor at 765.662.9971 or email at mminor@famservices.com.
Your gift helps Radiant Health continue to encourage, empower and educate families to change their lives for good as we help:
- Children and students thrive through home and school-based services and programs
- Improve family mental health through education and intervention services
- Offer a respected voice of hope against abuse.