Last minute tax ideas for donors

Kansas City Hospice House

Kansas City House House in South Kansas City.

by Mary Zahner Bauer, Direct of Donor Relations at Kansas City Hospice & Palliative Care

Did you know….

You can reduce taxes by making a gift from your IRA to Kansas City Hospice. An IRA rollover is a simple and easy way for you to use your IRA to help Kansas City Hospice and the people we serve. Your gift goes immediately to work! Help families cope with the pain, confusion, doubt, fear and sadness that surround a loved one’s death.

Many donors who are 701/2 or older could be paying higher taxes this year. New tax laws may have an unexpected impact. By transferring some of your IRA required distribution to us, you can lower your taxable income. With lower taxable income, you could reduce your income and capital gains taxes this year. Check with your advisor to see how an IRA rollover gift could impact your taxes while helping others. To make a qualifying donation for 2018 please note that it needs to be in our bank by December 31st.

Help Us in the Future….

If you are not ready to make a gift to us from your IRA this year, consider making a charitable bequest of part or all of your IRA which permits you to make full use of your funds during your lifetime. We benefit in the future from what remains.

Learn more on our Planned Giving page or call Mary Zahner Bauer at 816.276.2625.

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