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Last Updated: December 4, 2023 by Drew Kasel
Help our Trout Waters / Help Your Taxes
Also, if you have an IRA and have to take a “required minimum distribution” (RMD) by year end, you may be eligible to make a “qualified charitable distribution” from your IRA directly to SWTU. Unlike most IRA RMDs, this type of distribution is not taxable to you provided you meet certain requirements. For example, your IRA custodian must transfer the money directly to SWTU. It cannot be paid first to you, then to SWTU. For 2023, the dollar limit on the charitable distribution is $100,000, and it must be made by December 31. You should contact your tax professional or IRA custodian if you think you might be interested in this.
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