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Fact Sheet  

Click the image below to download a PDF version of this information.

CFMC IRA Rollover

 

IRA Charitable Rollover Extended  

Good News for Taxpayers:

Charitable Rollover Permnanently Extended

If you're 70.5 or older, you can roll over up to $100,000 ($200,000 for couples) directly from your IRA to an eligible charity like the Community Foundation.

Contact Chris Oganowski for more information at 765-813-0003, and download the PDF to your left for further details.

A charitable rollover is a simple way to make a gift.
Here are the nuts and bolts:

  • You must be an IRA owner age 70.5 or older to be eligible.
  • You must notify your IRA custodian to make a direct transfer of the
      distribution, and you pay no tax on the distribution.
  • Up to $100,000 of the amount transferred qualifies for this
      beneficial tax treatment.

 

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