The Internal Revenue Service states that individual retirement arrangement (IRA) owners age 70½ or over can transfer up to $100,000 to charity (such as The Vegetarian Resource Group) tax-free each year. These transfers, known as qualified charitable distributions or QCDs, offer eligible older Americans a way to give to charity. For those who are at least 73 years old, QCDs count toward the IRA owner’s required minimum distribution (RMD) for the year. You need to have your IRA trustee send the money to the charity directly, and not to you first. You do not need to itemize your taxes for this benefit. For more information, see https://www.irs.gov/newsroom/qualified-charitable-distributions-allow-eligible-ira-owners-up-to-100000-in-tax-free-gifts-to-charity
This is not legal or tax advice, for which you should speak to your financial and legal advisors.
To make direct donations to VRG and support vegan education and research, donate at www.vrg.org/donate