Did you know that each year you can transfer a portion of your IRA directly to a qualified not-for-profit without having to pay income taxes?
If you are 70 1/2 years of age of older, you are required to take a rollover from your IRA each year. You can move up to $100,000 from your rollover directly to a qualified not-for-profit without having to pay the taxes. Rollovers must be complete by 12/31/2015 in order to qualify for the 2015 tax year.
Please speak with your accountant or financial advisor today and consider making a donation to Meals on Wheels Foundation of WNY (tax ID number 16-1475486). Thank you!