Charitable IRA Extension is Back for 2010 and 2011
Individuals age 70½ and older are once again permitted to take tax-free distributions from their IRAs to qualified charities of up to $100,000 per taxpayer per taxable year.
A qualified distribution can be made into The Community Trust–The Community Foundation’s unrestricted endowment serving Boulder County’s greatest needs.
Transfers into Donor Advised Funds are not eligible.
Note about 2010 distributions: Those who choose to make a qualified charitable distribution from their IRA may make their 2010 distribution any time during 2010 or during January of 2011.
Please speak with your tax advisor and learn more today!
