IRA Charitable Rollover
In December of 2015, both the Senate and House passed the Protecting Americans From Tax Hikes Act of 2015 (H.R. 2029). The bill makes permanent the IRA Charitable Rollover – Each Individual Retirement Account (IRA) owner aged 70½ or older may make a direct transfer of up to $100,000 per year to a qualified charity. The IRA charitable rollovers are tax-free and not included in adjusted gross income.
This is an easy way to increase the impact of your gift. Check with your employer to see if they match employees’ charitable donations. Typically your employer will have a form you can request and complete.