Charitable donations

Last-Minute Options for Tax Deductible Giving in 2014

IRA Charitable Rollover  The President recently signed H.R. 5771, extending the IRA charitable rollover for one (1) year, retroactive for 2014.  Congress reauthorized the IRA Charitable Rollover, which allows people who are 70 and 1/2 years or older to make direct transfers totaling up to $100,000 per year to the Eau Claire Community Foundation or other qualified charities without having to count the transfers as income for federal income tax purposes.   How it works You make a gift of up to $100,000 by transferring IRA assets to the Eau Claire…

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