Two congressional bills have been proposed this year to allow more Americans to transfer funds from their individual retirement accounts (IRA) to charitable organizations.  Among other details, these proposals would restore, expand, and make permanent the charitable IRA rollover. The two new bills under review by Congress are: America Gives More Act of 2015 (H.R. […]

On December 19, President Obama signed into law the Tax Increase Prevention Act of 2014 (H.R. 5771), which extends the charitable IRA rollover through December 31, 2014. The provision allows IRA owners age 70 ½ or older to make a direct, tax-free transfer of up to $100,000 a year from their individual retirement account to […]