918-744-8280

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Visit the

 Animal Aid Thrift Shop

15th & Harvard

Hours

Mon - Fri 9 - 5 Saturday 9 - 4
Sunday closed

 
 

 

 

 IRA rules make giving to charity easier

The Pension Act of 2006 allows transfers from your IRA to go directly to a qualified charity.

The provision provides an exclusion from gross income for certain distributions of up to $100,000 from your IRA account, which would otherwise be included as part of your income.

Requirements:

  • Be at least 70 years of age

  • Distributions may not exceed $100k per year

  • Gifts must be transferred directly to charity

  • No donor advised funds

As always consult your tax advisor for full explainations.