Support the Tuolumne River Trust while saving on your taxes.
FOR THOSE 70½ YEARS OLD AND OLDER
You can give any amount (up to a maximum of $100,000) per year from your IRA directly to a qualified charity such as the Tuolumne River Trust without having to pay income taxes on the money. This popular gift option is commonly called the Qualified Charitable Distribution (QCD). This also qualifies for your Required Minimum Distribution (RMD) if you are 72 or older (70 ½ if you turn 70 ½ in 2019). You will pay no income taxes on the gift. The transfer generates neither taxable income nor a tax deduction, so you benefit even if you do not itemize your deductions. Since the gift doesn’t count as income, it can reduce your annual income level. This may also help lower your Medicare premiums and decrease the amount of Social Security that is subject to tax.