Recently, Senate approved the Extenders Bill of expiring tax provisions through December 31, 2014. Within the Bill provisions is the charitable IRA rollover which allows IRA owners age 70 ½ or older to exclude up to $100,000 a year from income. However, this is only possible if the IRA funds are paid directly to specific public charities for the 2014 tax year. Act before December 31, 2014 if you are interested in making a charitable gift that will take advantage of this opportunity.
In the spirit of giving, I’m going to give a tip– Charitable IRA Rollover
December 17, 2014 by
