Give Big Pittsburgh launches Tuesday, November 28, 2023 Where might your dollars go? Your Impact Spread the word! After making your donation, help spread the word about Give Big Pittsburgh and Sojourner House by sharing your reason for giving. Download and post the "I Gave" image to keep the momentum going and help others join the movement to Give Big Pittsburgh this Giving Tuesday! … [Read more...] about Mark your Calendar for to Give Big this Giving Tuesday
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Did you know that you can donate up to $100,000 to a qualified charity (or charities) from your IRA beginning at age 70½? This is called a Qualified Charitable Distribution (QCD), and if done correctly, can allow you to donate to charities you care about while potentially lowering your tax bill. Why would I want to make a Qualified Charitable Distribution? You may already be donating to charities you care about directly, so why would you want to make a QCD from your IRA? A QCD lowers the amount of the taxpayer’s Required Minimum Distribution (RMD) that is taxed. As a refresher, the RMD is the amount that taxpayers must withdrawal annually from their traditional IRA beginning at age 72*. Normally, taxpayers are taxed on the full amount of the distribution. For taxpayers who do not … [Read more...] about Donating to charity from your IRA