Permanent IRA Charitable Rollover Signed into Law
President Obama has now signed into law a permanent IRA Charitable Rollover provision! The legislation retroactively reinstates the IRA Charitable Rollover provision–originally enacted into law in 2006–for all of 2015 and removes any expiration date, permanently extending the Rollover into the future. Here’s how it works: Individuals are required to begin taking distributions from their Individual Retirement Accounts (IRAs) at age 70½. Normally, these distributions are subject to income taxes. The IRA Charitable Rollover allows individuals who…
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