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In the past, how did the tax law treat charitable gifts made from IRAs?

April 26, 2017charitable gifts IRAs past tax law treat

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In the past, how did the tax law treat charitable gifts made from IRAs?

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Under past law, IRA holders faced a disincentive for giving retirement assets to charity during their lifetimes because all withdrawals from traditional IRAs were subject to income tax. Thanks to the new tax provision, retirees will be able to give far more support without being penalized, doing so during their lifetimes and seeing their gifts benefit their communities.