Plan Your Year-End Contributions to PVUMC
With the stock market at an all-time high, now is the time to consider a special gift to PVUMC. Your gift of appreciated stock will be used to fund the ministries of PVUMC. If you own appreciated stock that you have held for at least a year, you may donate the stock to PVUMC and receive a tax deduction for the fair market value of the stock. Your gain on the stock will not be taxed and you receive a tax deduction!
If you are over 70 ½ at the time of your contribution, you may have your IRA make a direct contribution of up to $100,000 from your IRA account to PVUMC. This provision expires on December 31, 2014, so you must act quickly. Significant tax savings can result from using your IRA to fund your year-end contribution to PVUMC.
Each individual’s tax situation is unique. Please consult your tax advisor before making any tax-related decisions. For information on how to make a contribution of stock or a contribution from your IRA account, contact Mickey Price in the church office, 602-840-8360, ext. 113.