MAKE QUALIFIED CHARITABLE DISTRIBUTIONS (QCDS) FROM IRAS
For donors aged 70½ or older, up to $108,000 in 2025 and $115,000 in 2026 per person per year can be donated directly from an IRA to a qualified charity. These distributions count toward required minimum distributions but are excluded from taxable income—especially valuable for those who do not itemize deductions or wish to reduce AGI (Adjusted Gross Income) -related impacts on Medicare premiums or Social Security taxes. Note, that you cannot make contributions directly from a 401(k) or 403(b) plan and get the same treatment. However, there may be strategies to rollover amounts from a 401(k) or 403(b) plan to an IRA and make qualified charitable distribution from the IRA. You can also take a distribution from a 401(k) plan or 403(b) plan if you meet the eligibility requirements and make a contribution from that distribution. Contact your IRA plan administrator to make a Qualified Charitable Deduction (QCD) gift from your IRA to St. Peter Lutheran Church, 111 W. Olive Street, Arlington Heights, IL 60004, Tax I/D #36-2387149 If possible, ask your IRA Custodian to include the donor’s name. This will allow us to thank the donor and record the gift on the member is giving statement. Your IRA funds will be directly transferred to St. Peter Lutheran Church to help continue our ministries and /or THE FIRM FOUNDATION, FAITHFUL FUTURE. Contact Ray Pagels, our Christian Gift Planner Counselor, at 847.226.-2262 or raymondpagels1@gmail.com
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