Should older givers wait to make charitable donations until after the election?

September 26, 2012 by Tom

A recent Wall Street Journal article, http://professional.wsj.com/article/SB10000872396390444450004578002112287693002.html?mg=reno-wsj, notes that there is banter in D.C. about reviving the tax rule that allowed taxpayers over 70 1/2 to make charitable gifts directly from their IRAs. The article notes that taxpayers should continue to gift as they desire but gifts from IRAs should be made directly to charities by IRA administrators so that if the law is revived then charitable minded taxpayers can receive the optimum tax treatment for their gift.

HOW TO GET TO OUR OFFICE:

From the South: Follow I-25 North past C470 to exit 199 for Belleview East, following off the exit to the right. At the third light (Ulster), turn right. Ulster turns into Prentice, and the Edward Building is on the right, which is the southwest corner.

From the North: Follow I-25 South to exit 199 for Belleview east. Turn left at the bottom of the exit onto Belleview. At the third light (Ulster) turn right. Ulster turns into Prentice, and the Edward Building is on the right, which is the southwest corner.