IRA Distributions

Anyone 70½ years or older with a contributory IRA is required to withdraw a “minimum distribution” annually (“RMD”). The distribution is considered ordinary income and is taxed at your tax rate. The amount of RMD is calculated based on IRS guideline tables. Visit the IRS website for more info.

In 2006, the Pension Protection Act included a provision allowing taxpayers 70½ or older to transfer money from their IRA accounts directly to a charity without paying taxes on the distribution. In 2015, this provision was made permanent. As long as you are 70½ or older, you can make an IRA Charitable Rollover (also called a “Qualified Charitable Distribution”) of up to $100,000 every year to a 501(c)(3) tax-exempt organization. If you’re married, your spouse can also contribute $100,000. The amount of distribution may exceed the RMD for the year. The contribution must be sent directly from your IRA to the charity. With this charitable opportunity, you can meet your required minimum distribution, avoid paying taxes on the distribution, and help your favorite charitable organization. As always, check with your CPA or tax advisor.

To make an IRA Charitable Contribution to the Couple to Couple League, direct your contribution to be sent to:

The Couple to Couple League International, Inc.
5440 Moeller Avenue Suite 149
Cincinnati, OH 45212

You can expect to receive acknowledgment of your gift from CCL once the transaction has been processed. Acknowledgment will include pertinent information about the donation, including the date of the donation. If you have not received a thank you from CCLI, please let us know so we can appropriately thank you for your gift.

Thank you for building joyful marriages through teaching natural family planning!