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YOUR IRA & CHARITABLE GIVING

YOUR IRA & CHARITABLE GIVING If you are required to take a minimum distribution from your IRA in 2022 or are over age 70 1/2, you can avoid the income tax through a qualified charitable distribution (QCD). The QCD giving option allows charitable contributions to be made directly from an IRA to a qualified charity such as St. Mary on the Lake Parish or another recognized charity. This can be a beneficial strategy in your charitable giving. Consult your IRA administrator or financial advisor on the proper procedures for making a direct distribution to St. Mary on the Lake Parish.

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