Make Charitable Gifts from IRA at No Income Tax to You
On August 17, 2006, President Bush signed into law the pension reform bill H.R. 4 that includes a package of charitable giving incentives and safeguard measures. Among the charitable tax incentives included in the pension reform bill is an IRA rollover provision that allows individuals age 70 ½ and older to make charitable donations up to $100,000 from an IRA without having to count the donation as taxable income. Contact us to learn how this change can empower your giving, or share this important information with friends and family who may be impacted by this change.
This article was written by Nancy K. Phillips, CFP®, CPA and/or her staff. It is intended to provide you with an informative summary of current business, financial and/or tax planning news. Do not apply this general information to your specific situation without additional details and/or professional assistance.
This article was written by Nancy K. Phillips, CFP®, CPA and/or her staff. It is intended to provide you with an informative summary of current business, financial and/or tax planning news. Do not apply this general information to your specific situation without additional details and/or professional assistance.