Seniors Can Make Donations Directly out of their IRA's

Recent tax laws have been changed to allow seniors (age 70½ or older) to donate funds from their Individual Retirement Accounts and to exclude that amount from their gross income. The gifts must be made directly to the charity and cannot net any return for the donor. They are not to exceed $100,000 per year. This is only in effect for the 2006 and 2007 calendar years.
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