Breaking News: IRA Charitable deduction rules finally become permanent
The Protecting Americans From Tax Hikes Act of 2015 (PATH) provides long-awaited certainty for taxpayers that make charitable contributions from IRAs. PATH was enacted on December 18, 2015. It made permanent the IRA charitable rollover provision that allows taxpayers to exclude up to $100,000 from gross income for “qualified charitable contributions” from an IRA and made it retroactive to January 1, 2015.