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ypsiCPA

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ypsiCPA

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Re: cintrix post# 558

Thursday, 09/22/2011 8:27:09 PM

Thursday, September 22, 2011 8:27:09 PM

Post# of 585
Retirees can make Qualified Charitable Distributions from an IRA; income from distribution is not included on the return - this even works for taxpayers who don't itemize. Also, reduced AGI can result in less taxable social security.

Scheduled to expire the end of this year, may be extended.

http://www.irs.gov/retirement/article/0,,id=234258,00.html
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