If you have reached the age to begin required IRA distributions -RMDs, then you received a statement from the IRS listing the amount of the Required Minimum Distribution that you must take out of your Traditional IRA for the year (based on the value on 12/31/23).
The Poolesville Seniors Keep Us Moving individual donation appeal began this month. You can donate money to the appeal directly from your Traditional IRA and reduce your Gross Adjusted Income for 2024 even if you do not itemize deductions. Read about these Qualified Charitable Deductions on our website. Consult your tax advisor for the best charitable giving plan for you.