Using an IRA as an Estate/Legacy Planning Tool and the Montana Endowment Tax Credit as a Living Legacy Tool
March 11, 2022
Download Resources (PDF)
- Save Montana Income Taxes with a Charitable Gift Annuity: A Legacy Qualifying for
the Montana Endowment Tax Credit (METC). (MSU Extension MontGuide)
(PDF Version) (HTML Version-ADA Accessible) [Order Online]
Explains how charitable gift annuities could be used to meet both the altruistic and tax savings goals of Montanans. - Make a gift with an IRA distribution and reduce income tax liability (Montana State University Alumni Foundation)
- IRA Required Minimum Distribution Worksheet (Use only if your spouse is the sole beneficiary of your IRA and is more than 10 years
younger than you)
- IRA Required Minimum Distribution Worksheet (For everyone else if the worksheet above doesn’t apply)
- IRS Publication 590-A, Contributions to Individual Retirement Arrangements
- IRS Publication 590 B, Distributions from Individual Retirement Arrangements
- 2022 Uniform Table for calculating IRA Required Minimum Distribution
- IRS Publication Distributions from Individuals Retirement Arrangements: IRS has the 2022 tables even though it states for use in preparing 2021 returns. Appendix B: Uniform Lifetime Table 2022 (Draft)