Special Opportunity for Giving!

13 June 2016 , Posted in: Our Work, Press Release

Good News! On December 18, 2015, Congress passed a tax bill that made the IRA Charitable Rollover permanent. This allows people aged 70-1/2 or older to transfer up to $100,000 annually from their IRA accounts directly to a charity, like the Maine Justice Foundation.

The distribution counts as their required minimum distribution without increasing their adjusted gross income and counts as a tax-free transfer. This is a wonderful opportunity for people to support charity while realizing these benefits.

For more information, contact our Director of Development at 207 622-3477.