Charitable IRA Rollover for LightHouse

IRA Charitable Rollover — Act by December 31st

The president has signed a bill passing the IRA Charitable Rollover, which provides a tax break on charitable donations from IRAs — but only through December 31, 2014. Individuals 70½ or older may donate up to $100,000 directly from their IRAs to qualified charities without having the distribution included in their adjusted gross income. Charitable IRA Rollover for LightHouse

Clearly, eligible donors must act fast. Click here for a helpful explanation of the charitable IRA rollover and here for IRS information and forms, and consider making a contribution to the LightHouse today.