You Are Only Permitted To Reduce Your Gross Income Of Up To $100,000 Of A Distribution From Your Ira Directly To A Qualified Charity.

The law was originally set to expire in 2007; however, the law was extended over the last few years, through 2014 in order to allow those taxpayers age 70.5 or older to make these charitable IRA rollovers. Then, in the Protect Americans From Tax Hikes Act of 2015, this law was made permanent. In 2016, this law remains an active part of tax planning. This is especially true for year-end tax planning matters for those individuals age 70.5 or older who have IRAs. The way that this process works is that the individual must direct the IRA trustee to make a distribution from their IRA directly to a

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