January 15, 2009
Groups Seek to Raise Limit on Retirement-Account Gifts
Last year, Congress passed a law allowing people age 70½ or older to donate up to $100,000 from their individual retirement accounts to charity without incurring taxes in 2008 and 2009. But some charity leaders worry that another recent law may deter such gifts because it waives a requirement for IRA holders to accept a minimum distribution from their savings — a move designed to prevent retirees from paying a tax penalty on retirement accounts decimated by declining stock
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