Charitable IRA Gifts in 2007
Christopher R. Hoyt
he Pension Protection results%20(1-18-07).pdf. Fewer than 5% they normally have the worst tax conse-T Act of 2006, Pub. L. No. 109-280, 120 Stat. 780, permits a person over age 701/2 to exclude from taxable income up to 00,000 of charitable gifts made directly from an individual retirement account (IRA). The donor will benefit by not having to report the IRA distribution as taxable income, although the donor will not be able to claim a charitable income tax deduction for the gift. Many retirees...