Common use of Xxxxxxxxx Charitable Distributions Clause in Contracts

Xxxxxxxxx Charitable Distributions. If you are age 70½ or older, you may take tax-free inherited Xxxx XXX distributions of up to $100,000 per year and have these distributions paid di- rectly to certain charitable organizations. Special tax rules may apply. This provision applies to distributions during tax years 2012 and 2013 and may apply. For further detailed information, you may wish to obtain IRS Publication 590-B, Distributions From Individual Retirement Arrangements (IRAs), from the IRS or refer to the IRS website at xxx.xxx.xxx.

Xxxxxxxxx Charitable Distributions. If you are age 70½ or older, you may be eligible to take tax-free tax‐free inherited Xxxx XXX distributions of up to $100,000 per year and have these distributions paid di- rectly directly to certain charitable organizations. Special tax rules may apply. This provision applies to distributions during tax years 2012 and 2013 and may apply. For further detailed information, information you may wish to obtain IRS Publication 590-B590‐B, Distributions From from Individual Retirement Arrangements (IRAs), from the IRS or refer to the IRS website at xxx.xxx.xxx.