IRA Charitable Rollover Included in Final Tax Bill - Provision Could Boost Giving by Billions Annually - Press - AFP: "(Dec. 17, 2010) The Association of Fundraising Professionals (AFP) today applauded the inclusion of the IRA (Individual Retirement Account) Charitable Rollover in the tax bill recently signed into law by the President, noting that the provision has been proven to work and could increase giving by billions every year.
The IRA Charitable Rollover, a part of the Middle Class Tax Relief Act of 2010, would allow donors age 70½ to exclude from their taxable income any IRA funds up to $100,000 that have been withdrawn and transferred to a charity when filing a tax return.
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