The charitable IRA rollover has been extended through Dec. 31. In 2013, donors aged 70 1/2 or older can ask their IRA custodian to transfer up to $100,000 to a public charity. The transfer may count as part of the minimum distribution, allowing donors to avoid claiming it as taxable income. This donation is not subject to the normal limits of adjusted gross income.
Donors should consult their advisers. For more information, contact Katherine Horoschak at (401) 341-2438 or email@example.com.