Federal Tax Change Encourages Charitable Giving
SAH News | Jul 11, 2016
Under the Protecting Americans from Tax Hikes Act of 2015, any person who is over 70½ can donate to their favorite nonprofit, such as SAH, without triggering any federal income taxes. Under the Qualified Charitable Distribution provision, a person can make a gift from an IRA directly to a charity like SAH rather than withdrawing the money and paying taxes on it. The change makes it easier for seniors to plan their giving over the course of a year and to avoid paying taxes on required distributions from their IRAs. We hope our qualified members will keep SAH in mind as they plan their minimum distributions this year and as they make their estate plans. Please consult your financial advisor for rules and further information.
Founded in 1940, the Society of Architectural Historians is an international nonprofit membership organization that promotes the study, interpretation and conservation of architecture, design, landscapes and urbanism worldwide. SAH serves a network of local, national and international institutions and individuals who, by profession or interest, focus on the built environment and its role in shaping contemporary life. SAH promotes meaningful public engagement with the history of the built environment through advocacy efforts, print and online publications, and local, national and international programs.