Charitable IRA Provision

On Friday December 19th, the President signed the Tax Increase Prevention Act of 2014 which includes a provision extending the Charitable IRA tax provision that expired 12/31/2013. An individual who is at least 70 ½ can distribute up to 100K from their traditional or rollover IRA for 2014 without paying federal taxes on the distribution. Please consult your tax attorney.


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