Common use of Qualified Charitable Distributions Clause in Contracts

Qualified Charitable Distributions. If you are age 70½ or older, you may be eligible to make a “qualified charitable distribution” from your Xxxx XXX. A qualified charitable distribution is not subject to federal income tax and no tax deduction is allowed for the charitable contribution. Special tax rules may apply. The maximum qualified charitable distribution amount (in aggregate) per individual is $100,000 for 2017. Adjustments to this amount for later years may be authorized by the federal government. For further detailed information you may wish to obtain IRS Pub. 590-B, Distributions from Individual Retirement Arrangements (IRAs), from the IRS. For assistance in determining whether you are eligible to make a qualified charitable distribution from your IRA, consult your tax advisor.

Qualified Charitable Distributions. If you are age 70½ or older, you may be eligible to make a “qualified charitable distribution” from your Xxxx XXXTraditional IRA. A qualified charitable distribution is not subject to federal income tax and no tax deduction is allowed for the charitable contribution. Special tax rules may apply. The maximum qualified charitable distribution amount (in aggregate) per individual is $100,000 for 2017. Adjustments to this amount for later years may be authorized by the federal government. For further detailed information you may wish to obtain IRS Pub. 590-B, Distributions from Individual Retirement Arrangements (IRAs), from the IRS. For assistance in determining whether you are eligible to make a qualified charitable distribution from your IRA, consult your tax advisor.

Qualified Charitable Distributions. If you are age 70½ or older, you may be eligible to make a “qualified charitable distribution” from your Xxxx XXXTraditional IRA. A qualified charitable distribution is not subject to federal income tax and no tax deduction is allowed for the charitable contribution. Special tax rules may apply. The maximum qualified charitable distribution amount (in aggregate) per individual is $100,000 for 20172019. Adjustments to this amount for later years may be authorized by the federal government. For further detailed information you may wish to obtain IRS Pub. 590-B, Distributions from Individual Retirement Arrangements (IRAs), from the IRS. For assistance in determining whether you are eligible to make a qualified charitable distribution from your IRA, consult your tax advisor.

Qualified Charitable Distributions. If you are age 70½ or older, you may be eligible to make a “qualified charitable distribution” from your Xxxx XXX. A qualified charitable distribution is not subject to federal income tax and no tax deduction is allowed for the charitable contribution. Special tax rules may apply. The maximum qualified charitable distribution amount (in aggregate) per individual is $100,000 for 20172019. Adjustments to this amount for later years may be authorized by the federal government. For further detailed information you may wish to obtain IRS Pub. 590-B, Distributions from Individual Retirement Arrangements (IRAs), from the IRS. For assistance in determining whether you are eligible to make a qualified charitable distribution from your IRA, consult your tax advisor.

Qualified Charitable Distributions. If you are age 70½ or older, you may be eligible to make a “qualified charitable distribution” from your Xxxx XXX. A qualified charitable distribution is not subject to federal income tax and no tax deduction is allowed for the charitable contribution. Special tax rules may apply. The maximum qualified charitable distribution amount (in aggregate) per individual is $100,000 for 20172018. Adjustments to this amount for later years may be authorized by the federal government. For further detailed information you may wish to obtain IRS Pub. 590-B, Distributions from Individual Retirement Arrangements (IRAs), from the IRS. For assistance in determining whether you are eligible to make a qualified charitable distribution from your IRA, consult your tax advisor.

Qualified Charitable Distributions. If you are age 70½ or older, you may be eligible to make a “qualified charitable distribution” from your Xxxx XXX. A qualified charitable distribution is not subject to federal income tax and no tax deduction is allowed for the charitable contribution. Special tax rules may apply. The maximum qualified charitable distribution amount (in aggregate) per individual is $100,000 for 20172016. Adjustments to this amount for later years may be authorized by the federal government. For further detailed information you may wish to obtain IRS Pub. Publication 590-B, Distributions from Individual Retirement Arrangements (IRAs), from the IRS. For assistance in determining whether you are eligible to make a qualified charitable distribution from your IRAXXX, consult your tax advisor.

Qualified Charitable Distributions. If you are age 70½ or older, you may be eligible to make a “qualified charitable distribution” from your Xxxx Traditional XXX. A qualified charitable distribution is not subject to federal income tax and no tax deduction is allowed for the charitable contribution. Special tax rules may apply. The maximum qualified charitable distribution amount (in aggregate) per individual is $100,000 for 20172016. Adjustments to this amount for later years may be authorized by the federal government. For further detailed information you may wish to obtain IRS Pub. Publication 590-B, Distributions from Individual Retirement Arrangements (IRAs), from the IRS. For assistance in determining whether you are eligible to make a qualified charitable distribution from your IRAXXX, consult your tax advisor.