understanding the charitable gift rollover

Understanding the Charitable IRA Rollover

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1 Lesson, 2 minutes, FREE

See Understanding the Charitable IRA Rollover

The IRA Charitable Rollover allows individuals over age 70½ to directly transfer up to $100,000 per year from an IRA account to one or more charities. This transfer counts toward the minimum required distribution rule for IRA accounts, and such distributions are free of both income and estate taxes.

The IRA Charitable Rollover was first passed in the Pension Protection Act of 2006 and was in effect, through various extensions. The law is now permanent.

Learn more about the IRA Charitable Rollover and get some of your questions answered in this short video and web-page.