Tax Free Qualified Charitable Distributions from Your IRA
To Pay Taxes or To Not Pay Taxes... That is the Question When you're 70 1/2 you MUST start withdrawing a percentage of your IRA set by the government from your investments called the RMD (Required Minimum Distribution). If you regularly give to "certain tax-exempt charities" (for example your tithe), you can have your RMD paid directly to the tax-exempt entity and you don't have to pay income tax on that money which you would if it came to you first. So here is the