Posted by:  Heinz Brisske

IRA Charitable Rollovers are now a permanent part of the tax code. On December 18, 2015, Protecting Americans from Tax Hikes (PATH) was passed by both the House of Representatives (318 to 109) and by the Senate (65 to 33).

The law provides that each IRA owner over age 70½ may make a transfer of up to $100,000 per year to a qualified charity. An IRA charitable rollover may fulfill part or all of a required minimum distribution (RMD). Such a rollover is tax-free and not included in adjusted gross income.