December 13, 2022
Our clients come from various backgrounds and situations, but they all have one thing in common, they are trying to provide for their growing families. Inflation has put an added strain, especially on low-income families, discouraging some from choosing life and others from purchasing essential items for their babies.
Please help us provide assistance to 150 families this holiday season. Your generosity today will transform lives.
On behalf of all of us at Pregnancy Center East, thank you for your ongoing financial support. May you have a joyful Merry Christmas!
Important Information about Donating This Holiday
Individuals 72 and older can transfer up to $100,000 annually from their IRAs directly to charity anytime during the year. These transfers count as part of your yearly minimum distribution. There are several tax benefits of these direct IRA payouts to charity. The distributions aren’t taxable and won’t cause you to have extra income that could reduce your itemized deductions or personal exemptions or trigger more tax on your Social Security benefits.
Of course, you can’t also deduct the donation. You may want to consider this for any future contributions.
You can contact your tax advisor for more details or call Tracy at 513-321-3100.