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Rollover by December 30

The IRA Charitable Rollover provision allows individuals who have reached age 70½ to donate up to $100,000 to charitable organizations directly from their IRA without treating the distribution as taxable income.  Not all charities are eligible. For example, donor-advised funds and supporting organizations are not eligible recipients.  Amounts transferred to a charity from an IRA are counted in determining whether the owner has met the IRA’s required minimum distribution. Click here for more information, or feel free to call us at 614-338-2365.

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