Save Seniors Taxes on Their IRA Distributions
Oct 5, 2006 (Updated on Nov 28, 2011)
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By Elaine Floyd, CFP®
Older clients can still donate up to $100,000 from their IRA tax-free thanks to the Pension Protection Act. Plenty of rules apply, but for seniors wanting a simple way to give to charity or remove assets from their estate, qualifying isn't difficult. The opportunity has been extended through December 2011.