Charitable Gift from TIRA
I understand that for those of us over 70 1/2, amounts gifted directly from a traditional IRA to a qualified charity are not included in adjusted gross income, therefore not subject to federal income tax. My question is are these amounts included in the calculation to determine the percentage of social security benefits subject to federal income tax?
Permalink Submitted by Al Fry on Sat, 2008-12-27 14:45
No, since it is not included in income. This is another advantage.