March 22, 2007
Legislation Would Extend IRA Giving Provision
Members of the House and Senate are considering measures that would extend tax incentives to older donors who contribute money to charities through their individual retirement accounts.
The incentives are part of the Pension Protection Act, which was passed in August and allows donors older than 70? to transfer up to $100,000 from their individual retirement accounts to charity and avoid any penalty fees.
The IRA provision, however, expires at the end of the year, and some
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