Emergency Response
11June

United Way Women United Power of the Purse Luncheon and Silent Auction

With Featured Speaker Deborah Rosado Shaw

Donate

Individual Retirement Account (IRA)

IRA Required Minimum Distribution

If you were born before June 30, 1949 and you have a traditional IRA, you’re eligible to make a tax-free donation to United Way of Central and Northeastern Connecticut directly from your IRA, even if you don’t itemize deductions on your tax return. It’s called a Qualified Charitable Distribution (QCD) and it uses funds that you’re already required by law to withdraw from your IRA.

It’s a simple but highly-effective way to support local children and families, while minimizing the tax bite associated with IRA distributions.

You can give from your IRA* directly to United Way of Central and Northeastern Connecticut without having to pay income taxes on the money.

It’s a win for the community and for you.

*Maximum allowable contribution from an IRA QMD is $100,000; please consult your financial/tax advisor to determine your required minimum distribution.