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When Congress passed the American Taxpayer Relief Act on New Year’s Day, a special benefit was included. To take advantage of the charitable IRA giving opportunity for the current year, in some cases, an individual could make tax-free gifts for charitable purposes of up to $100,000 in 2013. Couples can double these transfer amounts for a combined charitable distribution totaling $200,000 for the year.
- Take advantage of the charitable IRA for the current year until December 31, 2013.
- To read a white paper on this article, click here. http://www.sharpenet.com/images/whitepaper_2013.pdf
For more information about giving from your IRA, call JRMC Foundation office by using the contact information below or speak with your tax advisor.