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IRA Tax Incentive Set to Expire January 31, 2011

Published on December 28, 2010

IRA Tax Incentive Set to Expire January 31, 2011

As part of recently enacted tax legislation, Congress has renewed special incentives to make charitable gifts through retirement accounts. The law extends these incentives for those 70 1/2 years of age and older to make charitable gifts from what may otherwise be heavily taxed Individual Retirement Account (IRA) funds. The bill even allows for gifts to be made retroactively for 2010 if completed by January 31, 2011.

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