![]() VoteAmerica’s EIN is 84-3442002 and our legal name is VoteAmerica Inc.Ĭontact us at when you’ve directed the gift. The check should be made to VoteAmerica, Inc. Please instruct them to provide your name and address on the QCD paperwork so we can provide the required receipt needed for your taxes. Notify your IRA trustee that you want to make a qualified charitable distribution, and fill out the required paperwork from the trustee. If you are or coming up to the age of 72 and face RMDs, factor in how receiving your RMD will impact your overall income and, therefore, your taxes.Ĭontact your IRA trustee to find out more about its process for arranging qualified charitable distributions. To make a gift to VoteAmerica from your IRA, follow these steps:Ĭonsider your finances and charitable goals. In fact, if you think you will face significant taxes when your RMD begins at age 72, making QCDs beginning at 70.5 can reduce the overall amount in your IRA. One important note: under the new SECURE Act, you can make a QCD at age 70.5 even though you do not have to take a RMD until age 72. You can make QCDs up to $100,000 each year, and the amount will be excluded from gross income. Qualified Charitable Distributions reduce your income that is taxed when you have to take required minimum distributions (RMDs) starting at age 72. You cannot make a Qualified Charitable Distribution from a 401(k), 403(b) or Keogh plan during your lifetime. These donations can be made from the following IRAs: Traditional IRA, Rollover IRA, Inherited IRA, SEP IRA (inactive only), and SIMPLE IRA (inactive only). Pair said that BitPay saw a substantial increase in the use of crypto for luxury goods like jewelry, watches, cars, boats and even gold last year, more than tripling from 9 in 2020 to 21 last. ![]() This is called a Qualified Charitable Distribution (QCD). Current tax law allows you to donate to VoteAmerica and other charities directly from your individual retirement account starting at age 70.5. ![]() Giving from your IRA is a smart way to achieve your charitable goals and receive income tax benefits. ![]()
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