Investing in You: Research, document, track charitable deductions

Investing in You: Research, document, track charitable deductions

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The IRA charitable rollover, which is up for renewal by Congress, allows individual taxpayers older than 70½ years to donate up to $100,000 from their individual retirement accounts (IRAs) and Roth IRAs to charitable nonprofits without having to treat the withdrawals as taxable income.

"The end-of-year tax bill is on everyone's list of 'must-pass' legislation because Congress can do what it wants," said David Thompson, vice president, public policy, for the National Council of Nonprofits.

Congress, for heaven's sake, make this permanent!

Source Name: 
Philadelphia Inquirer
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