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New qualified charitable donations limits

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he IRS allows people age 70½ and older to make a qualified charitable donation (QCD) directly from an IRA and exclude it from their taxable income. The ceiling for an eligible donation is increasing from $108,000 in the 2025 tax year to $111,000 in 2026.

 

Along with reducing your tax bill, such donations count toward the required minimum distributions (RMD) you must take from a traditional IRA starting at age 73. If you take your mandatory withdrawal in the form of a QCD, it’s tax-free, provided you make the donation directly from your IRA to the charity. You don’t have to itemize to claim a QCD, as you do if you’re taking 2025 charitable donations as regular tax deductions.

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For those considering a gift from accounts like an IRA or 401K, please contact your financial manager about your intent to disburse funds to the BWAC and provide the BWAC information below, along with any information about timing and/or designation for your gift. 

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BWAC’s Legal Name: Benzie Aquatic Center

BWAC's Mailing Address:      PO Box 2204, Frankfort, MI  49635

BWAC's EIN:   84-2581436