Donations From Your IRA

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The Pension Protection Act of 2006 allows for people aged 70 ½ to make a donation to a charity directly from their IRA. The distributions are tax-free and will avoid penalties for early withdrawl. Donors are allowed to donate up to $100,000 per year through their 401k.

This may be of great benefit if you are:

  • Age 70 ½ or older
  • Are required to take a distribution from your IRA
  • Do not itemize deductions on your taxes
  • Charitable gifts already equal 50% of your adjusted gross income
  • Are subject to the 2% rule that reduces your itemized deductions
The official registration and financial information of Neighborhood Legal Services Association may be obtained from the Pennsylvania Department of State by calling toll-free within Pennsylvania 1-800-732-0999. Registration does not imply endorsement. Federal regulations applying to NLSA require that we notify all donors that no funds can be expended by NLSA for any activity prohibited under P.L.104-134 or otherwise prohibited by 45 C.F.R. § 1600 et seq.