Year-End Donations: IRS Offers Tips for Year-End Donations

Year-End Donations: IRS Offers Tips for Year-End Donations: "New Tax Break for IRA Owners -
An IRA owner, age 70 ½ or over, can directly transfer tax-free, up to $100,000 per year to an eligible charitable organization. This option is available in tax years 2006 and 2007. Eligible IRA owners can take advantage of this provision, regardless of whether they itemize their deductions. Distributions from employer-sponsored retirement plans, including SIMPLE IRAs and simplified employee pension (SEP) plans are not eligible."