Ready to Harvest Your IRA?
Did you know that if you are over age 70½, you can direct the required distribution from your IRA to Gaining Ground? And doing so not only helps Gaining Ground grow food for hunger relief, it helps you minimize your taxes.
Using your IRA distribution this way may help save taxes in many ways, including:
- Reducing your taxable income for the IRS and Massachusetts purposes
- Lowering your Medicare premiums and the tax on your Social Security benefit
- Saving taxes even if you do not itemize your deductions
If you want more information, please contact Gaining Ground–978.610.6086 or email@example.com—and please consult with your tax or financial advisor to guide you through the steps.
Learn more about the tax benefits of IRA distributions at the IRS website.