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The Value of a GiftThe Value of a Gift

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No decision yet on IRA charitable rollover legislation

Congress has yet to make a final decision whether to renew legislation that allows individuals 70½ and older the ability to transfer up to $100,000 from their individual retirement accounts to a qualified charitable organization without being subject to income taxes on the distribution. Any news on the decision will be published as soon as it is available.

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The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in examples are for hypothetical purposes only and are subject to change. References to estate and income taxes include federal taxes only. State income/estate taxes or state law may impact your results.

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