Did you know you can support the Lincoln County Humane Society while also reducing your tax burden? If you’re 70½ or older and have a traditional IRA, you can make a Qualified Charitable Distribution (QCD) a tax-savvy way to give directly to our nonprofit while lowering your taxable income.

Why Consider a QCD?

1. Tax-Free Giving: A QCD allows you to donate directly from your IRA to a qualified charity like the Lincoln County Humane Society without counting the distribution as taxable income.

2. Fulfills Your RMD: If you’re 73 or older, your QCD can count toward your Required Minimum Distribution (RMD), helping you meet IRS requirements while supporting a great cause.

3. Maximize Your Impact: Since QCDs aren’t taxed, your entire donation goes to helping the cats and dogs in our care.

Let’s say you’re in the 12% federal tax bracket and live in a state with a 5% income tax. If you withdraw $500 from your IRA for personal use, you’ll owe $85 in taxes ($60 federal + $25 state), leaving you with just $415.

However, if you instead direct that $500 as a QCD to the Humane Society, you owe $0 in taxes, and the full $500 goes toward rescuing and rehoming animals in need.

Easy to Set Up: One-Time or Recurring Giving

A QCD can be arranged monthly, quarterly, or yearly automatically through your financial advisor. Whether you want to make a one-time impact or spread your giving throughout the year, your advisor can help ensure your donation is structured in the most tax-efficient way.

Make a Difference Today

By choosing a QCD, you’re not just reducing your tax bill you’re directly helping us provide food, medical care, and shelter to the animals who need us most. Talk to your financial advisor today to set up your Qualified Charitable Distribution and be a hero for pets in need!

For more information, feel free to contact us or consult with your financial professional. Thank you for your support!