April 24, 2013
The IRA Charitable Rollover is back!
The American Taxpayer Relief Act of 2012 passed by Congress at the end of the year reinstated the popular tax incentive that allows individuals, age 70 ½ or older, to transfer any portion of a mandatory distribution from an IRA (up to $100,000 per year) directly to a tax-exempt charity, free of federal income tax, through December 31, 2013.
To learn more, contact Dianna Civello, interim vice president for institutional advancement, at 716-888-8220 or at @email.
