The tax law changes that took effect in 2018 prevent many households from deducting charitable contributions on their tax returns, but there are still ways to get a tax break on contributions to Pax Christi.

STOCK:  If you donate appreciated stock or mutual funds to Pax Christi, you avoid any long-term capital gains tax on the appreciation.  If you are still able to itemize your deductions, you can also take a deduction for the full market value of the stock.

REQUIRED MINIMUM DISTRIBUTIONS:  If you are at least 70.5 years old and taking required minimum distributions (RMD)  from your traditional IRA, you can take advantage of a Qualified Charitable Distribution by making a direct transfer from your IRA to Pax Christi.  Your contribution is counted as part of your RMD.  But, because the money doesn’t go to you, it won’t increase your adjusted gross income.

BUNCH YOUR DONATIONS:  Time your contributions to shift more contributions into a single tax year or consider a donor-advised fund, which allows you to bunch and still make annual contributions.
Consult with your tax advisor for more details about the option that is best for you or contact Sue Fier in the parish office at 952-405-7202.