39.2 ° F
Full Weather
Sponsored By:

IRA Rollover Details From The Sonora Area Foundation

Sponsored by:

Sonora, CA — Sonora Area Foundation Executive Director Ed Wyllie has details about taxes and IRA Charitable Rollovers. With the tax due date a month away, April 15th, Wyllie’s newest blog “IRA Charitable Rollover” explains a law passed in December stating “There are numerous benefits to an IRA Charitable Rollover” with details┬áprovided here.

Wyllie says, “IRA Charitable Rollover has proven to be very popular with taxpayers and beneficial to charities. Despite its broad appeal, the provision remains limited in several respects.” In specific cases, Wyllie points out, up to $100,000 per year can be rolled-over, thus not reported as taxable income, ultimately lowering a person’s income and taxes if they are over 70 and a half years old.

Wyllie notes special rules apply for IRA rollover gifts to donor advised funds, private foundations, or to fund a Charitable Gift Annuity or Charitable Remainder Trust. Wyllie suggests discussing those matters with the IRA administrator and notes you cannot receive any goods or services in order for an IRA rollover gift to qualify for tax-free treatment.


  • Ed Wyllie
where to buy viagra buy generic 100mg viagra online
where to buy viagra buy generic 100mg viagra online