I am helping my mother with her Required Minimum Distributions. Last year, she made some charitable contributions with a portion of her RMD. I know that congress hasn't extended that deduction, yet.
I am wondering if it is still worth it to have a portion of her RMD sent to a charity directly? If Congress later extends the deduction, she is in business. If Congress never extends the deduction, she is out a tiny amount of time spent to ask for the RMD to be sent to the charity. She is planning to make the charitable contribution regardless. So, the only question is whether it is worth the hassle to send it directly.
I am leaning toward suggesting that she go ahead and send the RMD to the charity even without the tax deduction extension. Does this make sense? Am I missing something? Thanks.
I am wondering if it is still worth it to have a portion of her RMD sent to a charity directly? If Congress later extends the deduction, she is in business. If Congress never extends the deduction, she is out a tiny amount of time spent to ask for the RMD to be sent to the charity. She is planning to make the charitable contribution regardless. So, the only question is whether it is worth the hassle to send it directly.
I am leaning toward suggesting that she go ahead and send the RMD to the charity even without the tax deduction extension. Does this make sense? Am I missing something? Thanks.