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Question

Should I leave my IRA to charity instead of to my children?

Answer

It depends on your goals, but the tax math often favors leaving your IRA to charity if you plan to give either way. A charity pays no income tax on an inherited IRA, while nonspouse heirs owe ordinary income tax on withdrawals and generally must empty the account within 10 years. Directing the IRA to charity while directing other assets to your heirs can leave more for both recipients.

Related FAQs

Where can I find help reviewing my year-end charitable giving strategy?

How does the 35% cap on itemized deductions work?

What happens to my charitable deduction in a year my income spikes?
Tax Planning Financial Planning Charitable Giving Impact of New Laws Tax Basics Tax Tips & Tricks OBBBA Protecting Your Legacy Year-Round Tax Planning FAQs
Last Updated Sept. 8, 2026
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