Special Alert Graphic

SECURE Act 2.0: New Giving Options from Your IRA!

Article Type: News

Signed into law on December 29, 2022, the “SECURE Act 2.0” will benefit many supporters who want to give to ministry from their retirement accounts.

Two provisions offer new, smart, tax-wise giving options for supporters who qualify.

  • Many taxpayers can now give from their IRAs to fund gifts that pay income for life. This may include a one-time qualified charitable distribution (QCD), or multiple QCDs within a single year, totaling no more than $50,000, to fund a life income gift, such as a charitable gift annuity or a charitable trust.
  • Beginning in 2024, the annual QCD limit of $100,000 will be increased to account for inflation. This means supporters who give from their IRAs may be eligible to reduce their taxable income even more than has been possible in the past!

Do you qualify for these smart giving options? Are they the right fit for your goals and situation?

To learn more and talk with a planner, call Barnabas Foundation at 888.448.3040 or email planning@BarnabasFoundation.org.