Previous legislation: For individuals 70.5 years or older, the tax benefit for charitable IRA rollovers was extended until December 31, 2011. In addition, gifts made by January 31, 2011, were eligible for 2010 tax returns allowing donors to make two qualifying gifts in 2011.
*The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 was signed into law on December 17, 2010.
For future charitable IRA rollover gifts, please watch for extensions and revisions to this legislation.