Submitted By: Many readers
Answered: November 23, 2015 11:43 am

Is the tax-free direct transfer from an IRA to a public charity by those who are at least age 70½ available for 2015?

This rule expired at the end of 2014 and has not yet been extended for 2015. Many believe it will be extended, but it is advisable to wait until later this year to see what Congress does before making any such transfer.

advertisement
Tax Glossary

Amended return

On Form 1040X, you may file an amended return within a three-year period to claim a refund or correct a mistake made on an original or previously amended return.

More terms