In 2015 Congress passed and the President signed the PATH act making permanent the ability for individuals to roll over up to $100,000 from an individual retirement account (IRA) directly to a qualifying charity without recognizing the assets transferred to the qualifying charity as taxable income.
Under this legislation, donors may be able to make outright gifts of up to $100,000 to Amnesty International USA from their traditional or Roth IRA and have such gifts count toward their minimum distribution requirement while also excluding the transferred amount from their taxable income. To qualify, the donor must meet the following requirements:
We’ve partnered with FreeWill to make giving through your IRA easier than ever. If you’re 70.5 or older and have a traditional IRA, use this free resource to walk you through the process and complete the necessary paperwork in 10 minutes or less.