Tuesday, January 11, 2011

Charity rollover tucked in tax law | StarTribune.com

Charity rollover tucked in tax law | StarTribune.com: "Cowles said the rollover makes sense for older folks who are financially secure and simply don't need all or part of their IRA income.

'There are a lot of Minnesotans who are philanthropic and fall into that category,'' he said.

The provision was first enacted by Congress in 2006, but expired at the end of 2009. It raised millions of dollars for charities during that period, according to the National Association of Fundraising Professionals.

The association is lobbying to reduce the age threshold to 591/2"

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