Make a Gift Tax-Free With An IRA
A Tax-Saving Way to Help Sitka Trail Works
Give from Your IRA: A Tax-Smart Way to Support Sitka Trail Works
If you’re 70½ or older, you can make a tax-free gift from your IRA to Sitka Trail Works. This giving option, known as a Qualified Charitable Distribution (QCD) or IRA charitable rollover, allows you to donate up to $108,000 per year directly from your IRA to a qualified charity like ours, without paying income tax on the distribution.
Why Choose a QCD?
Immediate Impact: Your gift supports Sitka Trail Works’ mission right away, allowing you to see the difference your generosity makes.
Fulfills RMD: Starting the year you turn 73, your QCD can satisfy all or part of your required minimum distribution (RMD).
Tax-Free Giving: You avoid paying income tax on the donated amount. This is beneficial even if you don’t itemize deductions.
Potential Income Reduction: Because the gift isn’t considered income, it may help lower your annual income level, potentially reducing your Medicare premiums and the amount of Social Security subject to tax.
