It’s back, but this important tax-free gift is set to expire at year’s end.
The American Taxpayer Relief Act of 2012 renews legislation to allow individuals age 70 & 1/2 or older to distribute an amount up to $100,000 from their IRA to an approved charity such as ASEB. This amount will count toward your required minimum distribution for the year and it will not be treated as taxable income! Plan your gift now because this important opportunity is set to expire on December 31, 2013. Contact us to learn more.