Share

IL Estate Planning Blog

Monday, February 8, 2016

IRA's and Charities

     On December 18, 2015 Congress passed the PATH Act, which renews and makes permanent the Charitable IRA provision of 2006, making it easier for Americans to give to causes about which they care.  This provision has the power to help local charities strengthen their communities allowing individuals to roll over up to $100,000 annually from an Individual Retirement Account (IRA) to charity without being federally taxed.

     Millions of Americans continue to save pre-tax dollars in their IRAs. The law allows taxpayers 70 ½ and older to share their wealth by giving retirement savings directly to charity-and bypassing income tax.
      This law is important to local charities operating as agents of philanthropy in order to continue to build community and improve social service programs that benefit people every day.

 

Like us on Facebook and continue to get more information about estate planning and elder law planning. https://www.facebook.com/LawOfficesOfStephenSutera/


Archived Posts

2019
2018
2017
2016
2015
2014
2012
2011
2010


With two offices in Oak Lawn and Oak Brook, Stephen M. Sutera assists clients throughout Cook County, DuPage County and Will County IL including Chicago, Hometown, Barrington, Burbank, Burr Ridge, Chicago Ridge, Darien, Downers Grove, Evergreen Park, Geneva, Worth, Bridgeview, Palos Park, Palos Hills, Palos Heights, Hickory Hills, Midlothian, Willow Springs, Oak Forest, Orland Park, La Grange, Brookfield, Berwyn, Tinley Park, Hinsdale, Villa Park, Clarendon Hills, Westchester, Westmont, Lombard, Elmhurst, Western Springs, Berkeley, Downers Grove, Fox Valley, Glen Ellyn, Willowbrook, Aurora, Addison, Lisle, Forest Park, Bensenville, Wheaton, River Forest, Itasca, Shorewood, Frankfort, Mokena, Naperville, Crest Hill, Homer Glen, New Lenox, Bollingbrook, Schaumburg, Channahon and Woodridge.



© 2019 Law Offices of Stephen Sutera | Disclaimer
4927 W. 95th Street, Oak Lawn, IL 60453
| Phone: 708-857-7255
2021 Midwest Road, Oak Brook, IL 60523
| Phone: 630-396-6800 | 708-857-7255
250 Monroe Avenue Northwest, #400, Grand Rapids, MI 49503
| Phone: 616-717-5752 | 708-857-7255

Estate Planning | Advanced Estate Planning | Asset Protection | Pet Trusts | Special Needs Planning | Probate / Estate Administration | Elder Law | Business Law | | DocuBank | Staff Certifications | Legacy Plan | Healthcare Guides | Our Unique Process

FacebookLinked-In Company

Attorney Website Design by
Zola Creative