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REDUCE TAXES WITH GIFT TO CHARITY

 
Did you know that individuals who are 70½ or older are able to make special gifts to charity without taxes on their distibution from their IRA? Congress just passed legislation to extend the IRA charitable rollover for 2012 and 2013. This permits individuals who took a taxable distribution from their IRA in December 2012 a way to avoid taxes on that distribution by making a gift to a charity in January 2013. So you can convertyour taxable IRA distribution and potentially reduce your taxes, while hepling your favorite charity! Wonderful!!!
 
 

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