How Qualified Charitable Donations Can Lower Your Taxes
Meet your RMD without impacting your tax rate.
1 IRS. (2022, November 17). Reminder to IRA owners age 70½ or over: Qualified charitable distributions are great options for making tax-free gifts to charity. Retrieved April 6, 2023, from https://www.irs.gov/newsroom/reminder-to-ira-owners-age-70-and-a-half-or-over-qualified-charitable-distributions-are-great-options-for-making-tax-free-gifts-to-charity
2 IRS. (2023, February 27). Tax Exempt Organization Search. Retrieved April 6, 2023, from https://www.irs.gov/charities-non-profits/tax-exempt-organization-search
3 IRS. (2023, February 15). Publication 526. Retrieved April 6, 2023, from https://www.irs.gov/publications/p526#en_US_2022_publink1000229642
4 IRS. (2023, January 20). 1040 (and 1040-SR) Instructions. Retrieved April 6, 2023, from https://www.irs.gov/pub/irs-pdf/i1040gi.pdf
Neither Edelman Financial Engines nor its affiliates offer tax or legal advice. Interested parties are strongly encouraged to include your qualified tax and/or legal professionals in these discussions and decisions to help determine the best options for your particular circumstances.