IRA Charitable Rollover Very Likely to Expire 12/31/13

Here is a Bloomberg Business Week piece discussing the high likelihood that “tax extenders” will not happen by the end of the year.  Not good news at all for the IRA Charitable Rollover provision.  http://www.businessweek.com/news/2013-10-28/popular-credits-in-doubt-as-extension-eludes-congress-taxes

In short, the article suggests that short term tax fixes (the annual tax extender merry-go-round) may be going out of fashion, which could leave us with a year or more without the IRA giving law.

My suggestion to fundraisers:  play up the expiring part of the IRA rollover in hopes of sparking interest and fear.  This fall may very well be the last time donors have this interesting giving option.

Of course, if there is enough pressure, anything can happen.

 

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