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Charitable IRA Rollover Gifts

The Charitable IRA Rollover Provision Has Expired

Congress has not reauthorized the charitable IRA rollover provision for 2015. At this time, individuals cannot make a gift from their IRA accounts directly to the charity of their choice without paying income taxes on the amount withdrawn.

In late December 2014, Congress reauthorized the charitable IRA rollover provision for 2014 only, allowing it to expire on December 31, 2014.

When the IRA rollover provision was in effect, donors age 70 1/2 and older could transfer up to $100,000 to a recognized charity, like Catholic Relief Services, free of federal income tax as part of their required minimum distributions.

What are Congress' plans for reauthorizing the Charitable IRA Rollover in 2015?

Currently no information is available regarding when or if Congress will take action on the charitable IRA rollover in 2015. If Congress takes up comprehensive tax reform, the charitable IRA rollover provision could be included in that legislation.

CRS will continue to monitor this issue and will post updates on the charitable IRA rollover provision throughout the year as soon as we receive them.

Please bookmark this page and continue to check back with us for updates!

Questions? Concerns?

We're here to help:

Richard Balmadier, Director of Planned Giving
Email: richard.balmadier@crs.org
Phone: 1-800-235-2772; at the prompt, dial extension 7251

OR

Erin Mathews, Planned Giving Specialist
Email: erin.mathews@crs.org
Phone: 800-235-2772, at the prompt dial ext. 7409

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