House Bill Would Extend Charitable Tax Incentives
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December 9, 2009, Chronicle of Philanthropy - Rep. Charles Rangel, the New York Democrat who chairs the House Ways and Means Committee, has introduced legislation that would extend a variety of charitable tax incentives for another year.
The bill, H.R. 4213, would allow people age 70½ and older to continue making charitable donations of up to $100,000 a year from their individual retirement accounts without having to pay taxes on the distribution.