Qualified Charitable Distributions. If you have attained age 701/2, you may make tax-free distributions directly from your Beneficiary IRA to a qualified charitable organization. Tax-free distributions are limited to $100,000. Qualified charitable distributions are not permitted from an on-going SEP or SIMPLE IRA. Consult with your tax or legal professional regarding tax-free charitable distributions.
Appears in 2 contracts
Samples: Traditional Beneficiary Ira Amendment, Traditional Beneficiary Ira Amendment
Qualified Charitable Distributions. If you have attained age 701/270 , you may be able to make tax-free distributions directly from your Beneficiary SIMPLE IRA to a qualified charitable organization. Tax-free distributions are limited to $100,000. Qualified charitable distributions are not permitted from an on-going SEP or SIMPLE IRA (meaning your employer continues to make contributions to this SIMPLE IRA). Tax-free distributions are limited to $100,000. Consult with your tax or legal professional regarding tax-free charitable distributions.
Appears in 2 contracts
Samples: Customer Agreement, Customer Agreement
Qualified Charitable Distributions. If you have attained age 701/270½, you may make tax-free distributions directly from your Beneficiary beneficiary IRA to a qualified charitable organization. Tax-free distributions are limited to $100,000. Qualified charitable distributions are not permitted from an on-going SEP or SIMPLE IRA. Consult with your tax or legal professional regarding tax-free charitable distributions.
Appears in 1 contract
Samples: Roth Beneficiary Ira Amendment
