Congress May Consider Extending IRA Tax Break for Charitable Gifts - WSJ.com: "t's crunch time for a tax break that lets people tap their IRAs and give the proceeds to a charity without the Internal Revenue Service claiming part of the money.
The provision that lets people aged at least 70 ½ pull money out of their individual retirement accounts and channel it tax-free to charity expires at the end of the year. With charitable giving down 2% last year and expected to be off in 2009 as well, there's a push on Capitol Hill to keep the tax break – and even to broaden it."
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