Donate Your Required Minimum Distribution
Instead of taking your Required Minimum Distributions (RMDs) from your retirement accounts and having to pay ordinary income tax on these amounts, please consider sending your RMDs to Texas Values. You would NOT have to recognize the earned, taxable income. Many taxpayers use the new, high “standard deduction” and can’t take advantage of itemizing their charitable gifts. Using your RMDs could be much more tax-advantaged for you.
For more information about retirement account giving, please message our legacy team by clicking below.