How does the IRA Rollover work?
Under the current provision (set to expire at the end of this year), a donor who has reached the age of 70½ would be allowed to exclude from his or her income any IRA funds up to $100,000 that are withdrawn and transferred to a charity when filing a tax return for the year of the transfer. During the call-in day, we are asking members of Congress to take action and make the provision permanent prior to the expiration date, and to remove the $100,000 cap and lower the age threshold from 70½ to 59½ for all types of gifts. This is why the IRA Rollover Call-In Day is so essential. Okay, what do I do now? Thanks for helping! Detailed instructions are below. 1. Please dial 1-888-699-8299 sometime between the hours of 9 a.m. and 6 p.m. Eastern time. This is a toll-free number. You will receive automated instructions, and the hotline will automatically connect you with your two Senators and House Member. 2. In the rare event that you have difficulties with the hotline, call the Congressional s
