Home » In Philanthropy » IRA Charitable Rollover Extension for 2014 ends Dec 31

IRA Charitable Rollover Extension for 2014 ends Dec 31

Post date: 
December 22nd, 2014
Article Type: 
External News Article
Article Topic: 
Giving
Article Source: 
Independent Sector

The IRA Charitable Rollover provision allows individuals who have reached age 70½ to donate up to $100,000 to charitable organizations directly from their Individual Retirement Account (IRA), without treating the distribution as taxable income. The provision is part of a package of 55 temporary tax extenders that were reinstated retroactively for only the 2014 tax year, but were set to expire again on January 1, 2015.

Link to article: 
https://www.independentsector.org/ira_rollover

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