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. 
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.
