Consider making a charitable gift from your IRA

September 4, 2013 Written by

The tax law signed last January extended the tax break that allows contributions of up to $100,000 from a traditional IRA to a qualified charity. Taxpayers aged 70½ or older can make a distribution directly from an IRA to a charity. The amount donated is not included in the taxpayer’s gross income and is considered part of the required minimum distribution for the year.

Tags:

Category:

Written by: Doug Rodrigues