Make a Charitable Donation from Your IRA by Jan. 31
Prior to Jan. 31, 2013, you can still make a gift that is applied to 2012 if you are 70 1/2 or older.
It is once again possible to make completely tax-free gifts from traditional IRA and Roth IRA accounts. Gifts for 2013 must be completed by Dec. 31, 2013.
On Jan. 1, 2013, Congress passed the American Taxpayer Relief Act of 2012, the primary purpose of which was to prevent scheduled tax increases for the vast majority of taxpayers. One example of note, Congress has restored the ability for many to make charitable gifts directly from IRA accounts, and you may still have the opportunity to contribute. The law also retroactively exempts from federal tax any gifts made to a charity, such as Pacific University, from an IRA account in 2012.
Consider a gift to Pacific University. To learn more visit Pacific University IRA Contribution or contact Jan Stricklin at 503-352-2890 or firstname.lastname@example.org.
Posted by Tammy Spencer (email@example.com) on Jan 29, 2013 at 9:52 AM
Edited by Jenni Luckett (firstname.lastname@example.org) on Jan 29, 2013 at 11:38 AM