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Advocacy Blog
Tuesday, November 27, 2007
Bills Extend IRA Charitable Rollover to Promote Charitable Giving
The House of Representatives passed HR 3996, the Responsible Tax Relief Bill earlier this month. In doing so, the tax incentive that allows taxpayers age 70 1/2 to make tax-free charitable contributions from their IRA accounts was extended for another year. BNA Money and Politics ($$) reports that, "the Senate will be talking about a two-year extension of the individual retirement account rollover provision for charitable giving when it takes up H.R. 3996 the week of Dec. 3."
Posted by Amanda Adams
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