House Bill Would Provide Permanent Extension for IRA Charitable Rollover | PNNOnline.org

House Bill Would Provide Permanent Extension for IRA Charitable Rollover | PNNOnline.org: "A new bill introduced in the U.S. House would permanently extend the Individual Retirement Account (IRA) charitable rollover and expand it to allow increased charitable giving, most notably through donor advised funds. It is a preferred approach for many donors, allowing them to create a fund through an organization, such as a community foundation, and to recommend how those funds should be used."

Public Policy Update-a two-year extension of the IRA Rollover provision

Public Policy Update: "President Bush today signed the $700 billion economic bailout bill (H.R. 1424, Financial Rescue Package), which includes a two-year extension of the IRA Rollover provision.
The provision will be made retroactive to Jan. 1, 2008, and will apply to gifts made from that date through Dec. 31, 2009."

IRA Rollovers: A Win-Win Situation for Donors, Federation | The Jewish Exponent

IRA Rollovers: A Win-Win Situation for Donors, Federation | The Jewish Exponent: "IRA Rollovers: A Win-Win Situation for Donors, Federation November 22, 2007 Thanksgiving is a traditional time to count our blessings and share our bounty with others. Rachel Gross, director of Planned Giving and Endowments for the Jewish Federation of Greater Philadelphia, believes that this holiday also provides an ideal forum for family discussion of how the IRA rollover legislation can help maximize philanthropic giving while minimizing tax liabilities."

The Enquirer - How to give away part of an IRA

The Enquirer - How to give away part of an IRA: "Before the gift can be made, the withdrawal from the IRA has to be reported as ordinary income, possibly increasing state income tax, exposure to the federal alternative minimum tax and the itemized-deduction phase-out.

There are limits on the amount one is allowed to deduct as charitable gifts in one year.

However, the law allows in 2007 a special charitable rollover from IRAs"