Earlier this week the Senate passed the IRA Rollover! So what - TopicsExpress

Earlier this week the Senate passed the IRA Rollover! So what does that mean for nonprofit fundraisers? The Bill HR 5771 included a retroactive enactment of the IRA Rollover to January 1, 2014. This provision will give donors age 70 ½ and older the opportunity to transfer up to $100,000 from their IRA to a qualified public charity free of federal income tax. So if you are part of a nonprofit organization, you need to be touch with donors before the provision expires again on December 31, 2014 so they may receive this tax break and in turn leave you a very nice end of year gift! bna/senate-sends-oneyear-n17179919258/

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