Tax-free distribution opportunity for 2007
Taxpayers who have attained age 70 1/2 can exclude from gross income, distributions of any amount from $1 to $100,000, from a Traditional or Roth IRA if made to a tax-exempt organization. These distributions will not count as a charitable contributions, but they will be tax-free and will count toward your required minimum distribution. Please see your tax advisor for specific details. (By the way, Sebastopol UCC Church is a tax-exempt organization.)
