IRA Rollover Extender

 

Here is a quick recap of the IRA charitable rollover rules. Gifts qualify for special treatment as a Qualified Charitable Distribution (QCD) or IRA charitable rollover if:

  • You are age 70½ or older on the day of the gift.
  • Up to $100,000 is transferred directly from the IRA to one or more qualified charities anytime during 2015. This opportunity applies only to IRAs and not to other types of retirement plans.
  • You do not receive any goods or services in return for the rollover gift.
  • The gift is made by Dec. 31, 2017.

Download letter to mail or email your IRA administrator.

To learn more about the Tax Relief Extension Act, visit www.govtrack.us.

The contents of this page should not be considered legal or financial advice. Please consult with your own tax advisor before making IRA charitable rollover decisions.