Finance Committee

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CHICKEN BBQ
Thank you to all who purchased tickets, prepared the meals and helped with set up and cleanup.  Our annual Chicken BBQ was a huge success and enjoyed by all.

The Finance Committee wishes you a HAPPY SUMMER.

Do You Want To Save On Your Taxes?
If you need to take the Required Minimum Distribution (RMD) from your IRA you can save significant taxes by making your charitable contributions from those withdrawals. This is especially true if you are receiving taxable social security benefits. In this situation you are taxed up to 1.85 times the amount for federal taxes plus another 5+% for MA state tax.

You can avoid some of this tax by making Qualified Charitable Distributions (QCD) from your IRA rather than another source. Your donation needs to be done by your IRA custodian directly to the 501 C3 organization of your choice which you can likely authorize by phone. It's even more beneficial for those of us who no longer itemize deductions. I make quarterly church pledge payments thru Fidelity this way. A $4000 QCD donation could save more than $1300 in taxes. Please call Hal Woodbury at 978-657-7789 with any questions.

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