You have worked hard and planned for your future and the future of the ones you love. As we approach the season of giving, we invite you as a supporter of SCVAS to make a 2024 gift with a Direct Distribution from your traditional IRA to SCVAS.
If you are over 72, you are required under the tax law to annually make a set amount of distributions from your IRA (Required Minimum Distribution - RMD). If paid to you, the RMD will be 100% taxable to you and in addition count for your Medical Itemized Deduction and Medicare premium calculations. But there are ways to reduce this tax burden…
Continue to the full text of our 2024 Year end tax planning letter.
You may also wish to visit our Planned Giving page.