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Tuesday, February 9, 2010
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Rescue package includes IRA charity-rollover provision
The massive financial rescue package signed into law last week, HR 1424, includes a provision to continue allowing tax-free gifts from IRAs to charities. The bill would permit such IRA distributions through the end of 2009 for certain individuals. The tax code provision allowing the contributions expired at the end of 2007. For a look at the bill, visit thomas.loc.gov.
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