IRA Charitable Rollover

IRA Charitable Rollover Is Now Permanent!

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On Dec. 18, 2015, President Obama signed a permanent extension of the IRA charitable rollover into law. It will be effective retroactive to January 1, 2015, and has no expiration date. As a result, donors age 70 1/2 and older may transfer up to $100,000 from their IRA to a qualified public charity. The transfer will be made free of federal income tax, and the gift qualifies for the donor's 2015 required minimum distribution (RMD) for the year.   Many of you had been waiting for passage of this law before…

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