IRA account holders over age 70½ are subject to required IRA distribution rules, which can create a challenge by increasing income and, ultimately, income tax liability. The good news is that Qualified Charitable Distributions from IRA accounts count toward the owner’s required minimum distributions.

By choosing to make a charitable distribution with all or part of your required IRA distribution and donating it to St. Mary’s Ryken, you may reduce your taxable income and reduce the percentage of Social Security subject to taxation.