GUMC Wins, You Win
Do you have some stocks or other assets that might have appreciated and would like to save on paying capital gains taxes? Are you in a position of maybe having to withdraw a required minimum distribution (RMD) from an IRA? A Qualified Charitable Distribution is a nontaxable distribution made directly by the trustee of the taxpayer’s IRA to an eligible, charitable organization like GUMC. QCD’s are limited to $100,000 per taxpayer. Grace wins by receiving the larger, tax-free amount, and YOU win by not having to declare taxable income from the stock sale or RMD.
Please contact Joe Hauser through the church office for help with any questions. 321-452-2420