Tax Incentives for Charitable Giving Made Permanent
The United States Congress has finally made permanent the IRA Rollover charitable giving incentive. This ends the uncertainty caused by the repeated expiration and subsequent reinstatement of the incentive. During the first two years the IRA charitable rollover was available, it prompted more than $140 million in gifts, assisting social service providers, religious organizations, cultural institutions, schools, and numerous other nonprofit organizations. This is a huge victory for the charitable community!