What is The IRA Charitable Rollover provision of the Emergency Economic Stabilization Act of 2008 (H.R. 1424)?
It is an extension of the Pension Protection Act of 2006 law signed by President Bush in August 2006, which allows up to $100,000 of tax-free distributions per year from IRAs for charitable purposes. The extension is retroactive, applying to distributions made throughout both 2008 and 2009 tax years.
Related Questions
- How do federal financial interventions, such as the Emergency Economic Stabilization Act of 2008, affect the national accounts?
- When does the IRA Charitable Rollover provision of the Emergency Economic Stabilization Act of 2008 (H.R. 1424) take effect?
- What is The IRA Charitable Rollover provision of the Emergency Economic Stabilization Act of 2008 (H.R. 1424)?
