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President Obama Signs Legislation Permanently Extending IRA Charitable Rollover 

On Dec. 18, President Obama signed the Protecting Americans from Tax Hikes Act of 2015 into law, legislation that includes a permanent extension of the IRA charitable rollover.

The IRA charitable rollover, which allows taxpayers age 70 ½ or older to make tax-free charitable gifts of up to $100,000 per year directly from their Individual Retirement Accounts to eligible charities, including colleges, universities and independent schools, is now a permanent part of the U.S. tax code. 

                                                                                                              Updated Dec. 18, 2015

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