Trusts & Estates
New Law Provides Certainty for Charitable Distributions from IRAs
by Jeramie Fortenberry, JD, LLM (Taxation) | Executive Editor, WealthCounsel
The Protecting Americans From Tax Hikes Act of 2015 (PATH) provides long-awaited certainty for taxpayers that make charitable contributions from IRAs. PATH was enacted on December 18, 2015. The new law became effective December 18, 2015. It made permanent the IRA charitable rollover provision that allows taxpayers to exclude up to $100,000 from gross income for “qualified charitable contributions” from an IRA and made it retroactive to January 1, 2015.
To learn more about PATH and the requirements of Section 408(d)(8) that will affect your clients, please download this WealthCounsel Insight Brief today.
Complete the form to get your free guide
5 Charitable Giving Mistakes to Avoid
Download the "5 Charitable Giving Mistakes to Avoid" Insight Brief for a list and analysis of some of the most common charitable giving oversights in estate planning.Learn More
Charitable Gifts with Strings Attached
Download this WealthCounsel Insight Brief to learn about 3 common pitfalls to avoid when drafting gift agreements in order to preserve your clients' tax benefits on charitable gifts.Learn More
A Bargain Sale of Land to a Land Trust: How You can Make Some Money While Making a Difference and Save on Taxes, Too.
In this article, Ross shares his expertise in the use of the Charitable Bargain Sale as a means of helping donors accomplish their personal and philanthropic goals while benefitting land preservation in Door County.Learn More