IRA Charitable Distribution
The Charitable IRA Distribution, which allows taxpayers who are 70 ½ years of age or older to make tax-free transfers of up to $100,000 per year from a traditional IRA or Roth IRA directly to charity, was extended in December 2010.
The new law extends the charitable IRA distribution for two years, retroactive to January 1, 2010 (that is, through 2011).
Taxpayers hold trillions of dollars in IRAs. The reinstatement of the charitable IRA distribution presents donors with an excellent opportunity to make lifetime gifts of IRA assets.
The Foundation strongly urges you to consult with your professional advisors before making any gift from your IRA.
For more information please call, click or write us at 1-866-363-9673, www.fumf.org, or PO Box 3549, Lakeland, FL 33802.