Special tax breaks available to some retirees.
Time may be running out on a unique estate-planning strategy for retirees. Under a special tax-law provision, an individual age 70½ or older can transfer funds directly from an IRA to a qualified charitable organization while paying zero tax on the distribution. Such a “charitable rollover” also counts as a required minimum distribution (RMD) for tax purposes.
Currently, the charitable rollover break is scheduled to expire at the end of the year, so...Read More »