The charitable IRA legislation is back for a repeat performance—don’t miss this second-chance opportunity to make tax-free gifts from your IRA!
There’s good news for individuals aged 70½ or older with individual retirement accounts. Thanks to the extended charitable IRA legislation, you can once again make outright gifts using IRA funds without tax complications.
If you are required to receive minimum distributions from your IRA and you do not need the money for personal use, consider using those funds as a charitable gift. While you cannot claim a charitable deduction for the IRA gifts, you will not pay income tax on the amount.
View additional information at giving.