New Law Allows Individuals to Support WPC through Direct IRA Rollovers
Thu, Oct 30th 2008, 09:26. Filed under News Releases.
Take advantage of a newly enacted federal tax law and help the Conservancy to protect water, land and life in Western Pennsylvania.
The recent Emergency Economic Stabilization Act of 2008 extended the IRA Charitable Rollover to allow individuals aged 70 ½ or older to donate tax-free gifts of up to $100,000 from their IRA accounts directly to qualified charities such as the Western Pennsylvania Conservancy. These contributions count towards the donor’s mandatory IRA withdrawal amount but do not increase adjusted gross income.
Effective for the 2008 and 2009 tax years, this is a great option for IRA account-holders who want to make a gift to WPC from their retirement assets but have been concerned about incurring taxes.
We encourage you to consult your financial advisor and/or IRA administrator to determine if this opportunity is right for you.
If you have any questions about IRA rollovers or other charitable gift opportunities, please contact us at 412-586-2336 or email@example.com.