Recent IRA Withdrawal Tax Legislation could help Sanctuary House!
The President has just signed HR 5771 into law. This law includes a one year extension of expired tax provisions retroactive to January 1, 2014, including a reauthorization of the IRA charitable rollover through December 31, 2014. Donors age 70 ½ and older may now transfer up to $100,000 from their IRA to a qualified public charity. The transfer is not subject to federal income tax and qualifies for the donor’s 2014 required minimum distribution (RMD).
If you or someone you know would like to donate their 2014 IRA withdrawal in cash or stock to Sanctuary House, we are prepared to accept gifts of stock to accommodate a donor.
Contact: Marian Ragsdale, SH Development Director
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