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However, a perennial bill in Congress could alter this reality. In its most recent state, the bill allows direct transfers from an IRA to a charity without requiring the owner to include the distribution in her taxable income.
These bills pass the House and Senate regularly, but they never seem to make it out of conference. If they become law, a whole new source of charitable giving will be available:
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- Companies:
- Internal Revenue Service
Kathleen Stephenson
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Lisa B. Petkun
Author's page
Lisa B. Petkun is a partner in the tax department at Pepper Hamilton LLP.
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