Now Could be the Perfect Time!

Did you know that making a Qualified Charitable Distribution (QCD) to Corpus Christi Chapel from your IRA can be a tax-wise to help those whom we serve?

• If you are age 70 1/2 or older, you can make a Qualified Charitable Distribution to support out missionary work. If you are age 73 or older, you can even use your Required Minimum Distribution to make a QCD.
• A QCD effectively lowers the income you must report on your tax return.
• Although a charitable tax deduction is not allowed, even if you do not itemize charitable gifts on your tax return, you can benefit by making a QCD.
• The limit is $105,000, and the distribution must come directly to us from your plan administrator.

There are other benefits to making a Qualified Charitable Distribution from your IRA. Should any queries arise, please feel free to contact us via email at [email protected].