Accepted Answer

Hello bettie,

The Charitable IRA Rollover permits taxpayers to make donations directly to qualified charitable organizations from their IRA accounts without counting these amounts as part of their adjusted gross income, and therefore without paying tax on the amounts donated.

In order to qualify, you must be age 70-1/2 or older at the time the distribution is made. The contribution must be made directly from the IRA account to the qualified charity, so the custodian of your IRA is the one who makes the contribution as you direct them to. Your contributions may not exceed the amount of $100,000.

I am giving you a link to an article which is very helpful in explaining how this special IRA charitable rollover works.

http://www.jflv.org/page.aspx?id=185786

If this was helpful please press the Accept button. Positive feedback is also appreciated.

Thank you bettie

Expert:	Merlo
Pos. Feedback:	99.8 %
Accepts:
Answered:	10/24/2009

Accountant

25+ years tax consulting. Specializing in returns for US citizens living abroad