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Year-End Opportunity for IRA Donations

Dollar bill close-up, George Washington

Those over age 70 1/2 who may wish to donate to KNOM in the last few days of 2014 directly from their IRA now have an extra incentive to do so: special tax deductions.

An opportunity to save on taxes

Good news: some of our elder supporters may be able to reduce their taxable income for 2013. Individuals 70 ½ years or older who are required to withdraw a minimum distribution from their IRA can instead instruct their financial manager to make a distribution directly to KNOM, thus reducing taxable income. (Be sure to check […]