Charitable Giving from an IRA Now Permanent
Each year congress votes to appropriate spending permissions and tax breaks for the federal government. Early this year, Congress passed the Consolidated Appropriations Act of 2016 that authorized $1.1 trillion in spending and affirmed $700 billion in tax breaks. We believe one such provision, known as the IRA charitable rollover, may be of particular interest and importance to our clients. We’ve highlighted key insights and summaries are below.