Are you over 70-1/2 years of age and need to meet your IRA’s Required Minimum Distribution for 2017? Consider making a donation to AMSAT!
Under the Protecting Americans from Tax Hikes Act of 2015, individuals over 70-1/2 years of age may make direct transfers of up to $100,000 per year from a traditional IRA to an eligible charity without increasing their taxable income. Consult your tax advisor or accountant to make certain you are eligible.
AMSAT is a 501(c)(3) not-for-profit educational and scientific organization whose purpose is to design, construct, launch, and operate satellites in space and to provide the support needed to encourage amateurs to utilize these resources. AMSAT’s federal tax ID is 52-0888529.