IRA Charitable Rollovers

What should I know about the permanent IRA Charitable Rollover?

As part of the recently passed Protecting Americans from Tax Hikes (PATH) Act of 2015, individuals age 70½ or older can make tax-free distributions directly from their Individual Retirement Accounts (IRAs) to qualified charities, such as the Brain & Behavior Research Foundation, for up to a maximum of $100,000 per year. The Act authorized a permanent extension of the IRA Charitable Rollover. An IRA Charitable Rollover gift may fulfill part or all of your required minimum distribution. We recommend that you discuss this special tax incentive with your income tax professional for further details. For further information, please contact the Foundation at 800-829-8289.

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