Unique Opportunity for Charitable Giving in January 2013
The American Taxpayer Relief Act of 2012 (“ATRA”) creates a unique opportunity for charitable giving. If a taxpayer acts during January 2013, taxpayers who have attained age 70 1/2 may make a tax-free distribution (commonly referred to as a “charitable rollover”) from their IRA to charity of up to $200,000. In general, distributions from IRAs… Read More