Good News for Taxpayers:
Charitable Rollover Permnanently Extended
If you're 70.5 or older, you can roll over up to $100,000 ($200,000 for couples) directly from your IRA to an eligible charity like the Community Foundation.
Contact Chris Oganowski for more information at 765-813-0003, and download the PDF to your left for further details.
A charitable rollover is a simple way to make a gift.
Here are the nuts and bolts:
- You must be an IRA owner age 70.5 or older to be eligible.
- You must notify your IRA custodian to make a direct transfer of the
distribution, and you pay no tax on the distribution.
- Up to $100,000 of the amount transferred qualifies for this
beneficial tax treatment.