Nancy K. Phillips, PC
  • Home
  • Nancy K. Phillips
  • Meet The Staff
  • Services
  • Articles
  • Contact

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.  Note that you also cannot deduct this as a charitable contribution. 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.

HOME

Nancy K. Phillips

services

privacy policy

Contact

Nancy K. Phillips, PC
8604 Greenville Avenue #200
Dallas, TX 75243
214-361-2444
​
Copyright © 2025
  • Home
  • Nancy K. Phillips
  • Meet The Staff
  • Services
  • Articles
  • Contact