Monday, January 10, 2011

IRA Holders Can Still Make 2010 Charitable Distributions

If you're over 70 1/2  you can still make a 2010 charitable contribution from your IRA this month, January 2011. GuideStar offers this information and links for more details:
IRA Holders Can Still Make 2010 Charitable Distributions: "Persons aged 70� or older can again enjoy tax savings by making charitable gifts directly from their Individual Retirement Accounts (IRAs), thanks to a provision of the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010, which was signed into law December 17, 2010. The act also allows charitable distributions made from an IRA in January 2011 to be declared as 2010 gifts, should the IRA holder wish to do so."
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