Taxpayers over 70-1/2 can use their IRA for tax-free charitable gifts now
At the end of the year Congress passed and the President signed HR-637, the Permanent IRA Charitable Contribution Act of 2015, which makes a permanent amendment to the tax code to allow taxpayers older than 70-1/2 to direct a distribution from their IRA directly to a qualified charitable organization, bypassing the usual realization of income on the distribution. A taxpayer can use this...