Tax Tip from our Board Chair

Did you know it’s possible to get a tax benefit from a charitable contribution even if you don’t itemize deductions? In 2015, qualified charitable distributions (QCDs) from individual retirement accounts (IRAs) were made a permanent part of the tax law. This means that taxpayers 70-1/2 and older may donate all or part of their required minimum distribution to a qualified charity and not include it in their taxable income.