IRA Distributions

Under the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 signed by President Obama on December 17th, IRA Charitable Distributions were extended through December 31, 2011. This means that seniors 70 ½ or older can direct qualified IRA distributions of up to $100,000 to charitable organizations like WETA without recognizing income and taking a charitable deduction. The qualified charitable deduction can be used to satisfy the required minimum distribution for traditional IRAs.

For more information, please contact Deborah Caldwell, Director of Major and Planned Gifts or (703) 998-1834.