Congress just passed legislation to extend the IRA charitable rollover. The law also allows individuals who are 70½ to make special gifts to charity! Individuals who took a taxable distribution from their IRA in December 2012 can avoid taxes on the distribution by making a gift to charity in January 2013.

Contact Kelly Allen, Director of the Heritage Club, at at 1-800-332-8404, ext. 8592 or 319-329-8943 or kallen@coe.edu to learn more about how you or a family member can convert your taxable IRA distribution and potentially reduce your taxes.