IRA Charitable Rollover Bill Introduced in the House
In late July, Representatives Don Beyer (D-VA) and Mike Kelly (R-PA) introduced the Legacy IRA Act of 2019 (H.R. 3832). Both are members of the tax-writing Ways and Means Committee.
H.R. 3832 would expand the IRA Charitable Rollover by lowering the qualifying age to 65 and increasing the limit from $100,000 to $400,000 annually for individual retirement account (IRA) distributions. This change would allow taxpayers age 65 or older to make tax-free contributions from their IRA to eligible charities, including colleges, universities, and independent schools.
The Senate version of this bill (S. 1257) was introduced by Sen. Kevin Cramer (R-ND) and Debbie Stabenow earlier this year.
CASE supports both H.R. 3832 and S. 1257 and will continue working with a coalition of charitable organizations to build support for this legislation. Read Rep. Beyer's press release which includes a quote from CASE President and CEO Sue Cunningham. Find out more about the policy on our website.