Common use of Tax-Free Distributions to Charities Clause in Contracts

Tax-Free Distributions to Charities. If you have attained age 70 1/2, you may be able to make tax-free distributions directly from your Xxxx XXX to a qualified charitable organization if permitted by law. Tax-free distributions have been limited to $100,000 in past years. Consult with your tax or legal professional to determine the availability of this tax-free distribution.

Appears in 4 contracts

Samples: Customer Agreement, Customer Agreement, Customer Agreement

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Tax-Free Distributions to Charities. If you have attained age 70 1/2, you may be able to make tax-free distributions directly from your Xxxx XXX to a qualified charitable organization if permitted by law. Tax-free distributions have been limited to $100,000 in past years. Consult with your tax or legal professional to determine the availability of this tax-free distribution.

Appears in 1 contract

Samples: Customer Agreement

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Tax-Free Distributions to Charities. If you have attained age 70 1/2, you may be able to make tax-free distributions directly from your Xxxx XXX IRA to a qualified charitable organization if permitted by law. Tax-free distributions have been limited to $100,000 in past years. Consult with your tax or legal professional to determine the availability of this tax-free distribution.

Appears in 1 contract

Samples: Customer Agreement

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