St. John Vianney  
St. Paschal 

Did you know that your Individual Retirement Account (IRA) can be used to make charitable contributions to St. John Vianney and St. Paschal while also providing potential tax benefits? Here are some ways to contribute:

Required Minimum Distributions (RMDs)

For those 73 or older, you are required to take Required Minimum Distributions (RMDs) from your IRA. By making a charitable donation directly from your RMD, you may satisfy your RMD requirement and lower your taxable income, as the donation will not be counted as taxable income.

IRA Qualified Charitable Distributions (QCDs)

If you are 70½ years or older, you can make a Qualified Charitable Distribution (QCD) directly from your IRA to your parish. A QCD allows you to:

• Transfer up to $105,000 per year directly to a qualified charity like ours (this amount increased for 2024, it was previously $100,000).
• Reduce your taxable income, even if you don’t itemize deductions.

Tax Benefits of Charitable Contributions

In addition to the potential tax savings from QCDs and RMDs, your charitable contributions may also be eligible for deductions if you itemize your taxes. It’s always a good idea to consult with a financial advisor or tax professional to maximize the benefits of giving in ways that align with your financial goals.