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Dec232015

What's New? Charitable Rollovers for IRA Owners Over 70-1/2

DateWednesday, December 23, 2015 at 11:45AM by AuthorBanking Spectrum

A provision allowing qualified charitable donations from IRAs has been extended through 2015 and made permanent for future years. Individuals age 70½ or over may exclude up to $100,000 from gross income for donations paid directly to a qualified charity from their IRA. See Charitable Donations .

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