NEW FOR 2013!

 On January 1, 2013, Congress passed legislation to avert the fiscal cliff.

The law includes several important provisions that will allow you to support the causes you believe in using your Individual Retirement Account (IRA).

Extension of the IRA Charitable Rollover

If you are 70½ or older, you can make a gift to charity from your IRA to meet your annual distribution requirement. By making an IRA charitable rollover gift, you are able to avoid taxes on the IRA distribution while supporting our charitable mission. Contact your IRA custodian to make a gift from your IRA for 2013.

How to Make a 2012 IRA Rollover Gift in 2013!

Congress also included a provision that allows individuals who are 70½ to make special gifts to charity! If you took a taxable distribution from your IRA in December 2012, you may be eligible to convert that taxable distribution to a charitable distribution by making a cash gift to charity by January 31, 2013. The IRS will treat the amount of the cash gift as if you had made a direct rollover to charity and you can then avoid tax on the amount of the gift.

Don't wait! You only have until the end of January to take advantage of this opportunity. Contact us today to learn more about how you can convert your taxable IRA distribution and potentially reduce your taxes.

The Benefits of Giving Wisely

There are creative ways to support The Meadowbrook School. Ways in which Meadowbrook, you and your loved ones all benefit at the same time!

Such giving techniques are called "planned gifts," because with thoughtful planning, you create win-win solutions for you and the school. For example:

• You can make a gift that costs you nothing. (More info)
• You can give stock and realize larger tax savings. (More Info)