An important law has been extended through 2009. Individuals age 70½ and older can still directly transfer up to $100,000 a year from an IRA to qualified charities without having to count those distributions as taxable income. Plus, the transfer still counts toward that person’s minimum distribution.
We also want to point out that you do not have to have the money in hand to donate for a 2008 write-off! You can charge your gift this year and it will still count. It doesn’t matter if you pay the bill in 2009. Similarly, a check mailed in 2008 counts for 2008.
Learn more about how to leverage your dividend investing today.
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InvestingInDividends.com
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