October 16, 2008
President Bush Signs Tax-Break Provisions Into Law
Several key tax breaks designed to help donors and volunteers have been signed into law by President Bush as part of the bill Congress passed this month to provide a $700-billion rescue package for the nation's financial system.
The legislation allows people older than age 70 1/2 to channel up to $100,000 to charities from their individual retirement accounts without facing any penalties.
That provision had expired at the end of 2007.
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