On December 16, the Senate passed HR 5771 which included a one year extension of expired tax provisions retroactive to January 1, 2014. This reauthorizes the IRA charitable rollover through December 31, 2014. 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 2014 required minimum distribution (RMD).
To learn more about how you can donate to SonSet Solutions from your IRA and lower your taxes, click to view an IRA Rollover for Donors PowerPoint presentation.
For more information:
Development Director phone: +1 608.370.1688