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 this year. This opportunity applies only to traditional IRAs and not to other types of retirement plans such as 401(k), SEP-IRA, or SIMPLE IRAs .
- You do not receive any goods or services in return for the rollover gift.
- The gift is completed and received by Dec. 31.
Below are documents to mail to your IRA adminstrator and TLHA.
The contents of this page should not be considered legal or financial advice. Please consult with your own tax adviser before making IRA charitable rollover decisions.