Help Restore the IRA Charitable Rollover
The IRA Charitable Rollover was a tax incentive in effect in 2006 and 2007 that allowed donors aged 70½ and older to give to charities from their Individual Retirement Accounts (IRAs) without having to count the distributions as taxable income. Because the provision expired on December 31, 2007, it will take Congressional action to restore it. The House passed a bill on May 21st which would restore the IRA Charitable Rollover and other tax relief items. The Senate bill is still stuck in Finance Committee.
This tax relief was particularly beneficial to those who do not itemize their tax deductions and would not otherwise have received any tax benefit for their charitable contributions .
The IRA charitable rollover enabled older Americans to make millions of dollars of new contributions to nonprofits that benefit people every day. Donors cannot give through the IRA incentive until Congress acts to restore the provision.
Contact your Senators and Representative today and urge them to immediately pass the IRA Charitable Rollover.
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