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02Dec
Coordinating Council, JH, Kit Wednesday, Dec 2 @ 11:30 AM
03Dec
Sarah Circle Thursday, Dec 3 @ 7:00 PM
10Dec
Double Rings, JH, Kit. Thursday, Dec 10 @ 6:30 PM
19Dec
Worship Committee, Library Saturday, Dec 19 @ 7:30 PM
02Jan
Coordinating Council, JH, Kit Saturday, Jan 2 @ 11:30 AM

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Annual Pledges to the Church: Update on Tax Law

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Update on the Tax Law for Those Over 70

 

Due to recent changes in the law, please update the note we sent with your 2021 pledge packets: Under federal tax law, you have a special opportunity both to reduce your taxable income and to maintain your charitable giving.

 

If you are over 72 and must take an annual “Required Minimum Distribution” (RMD) from your retirement accounts, you may redirect some or all of your RMD to the church.

 

Deadline to take RMD extended to 2022. The amount that you direct to the church will be excluded from your income. There is no additional income tax charitable deduction for such distributions, also known as a “Qualified Charitable Distribution” or QCD. Please consult your financial or tax professional for more information about this tax saving opportunity or contact Pastor Eva or our Financial Secretary, Jenny Lee.


 

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400 W. Duarte Rd Arcadia, CA 91007      [email protected]      (626) 447-2181
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