Submitted By: someone
Answered: September 14, 2015 12:24 pm

Many readers asked whether the rule allowing a tax-free $100,000 direct transfer from IRAs to public charities was extended for 2015.

Not yet. The more than four dozen tax rules that expired at the end of 2014 have yet to be extended for 2015. Stay tuned!

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Tax Glossary

Disaster losses

Casualty losses such as from a storm, in areas declared by the President to warrant federal assistance. An election may be made to deduct the loss in the year before the loss or the year of the loss.

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