If you are diagnosed with hypersomnia, your doctor can prescribe various drugs to treat it, including stimulants, antidepressants, as well as several newer medications (for example, Provigil and Xyrem).
You may have your 2015 RMD made payable directly to the charity (provided it meets the IRS definition of a qualified charity), and then designate it as a qualified charitable distribution on your tax return. You'll have satisfied your distribution requirement, and you won't have to pay income taxes on that money.
But, they wonât be taxable on the distribution if the tax-free provision is available. Not being taxable on income is the equivalent of a deduction. So the direct transfer from an IRA to charity can be looked at as the nonitemizerâs charitable deduction. Tax-free direct charitable/IRA distributions (Tax-free charitable IRA rollover)âmaltum in parvo (in a nutshell).