Page 9 - Five Strategies | University of Rochester

• A transfer is tax-free and is not included in your adjusted
gross income and no charitable income tax deduction
is allowed

• A transfer is not subject to the 60 percent of AGI limitation
on charitable deductions

• Gifts must be outright—transfers to donor-advised
funds, supporting organizations, private foundations,
charitable remainder trusts, or charitable gift annuities
do not qualify

You should consult your tax advisor about the applicability to
your own situation of the legal principles contained herein.

The Protecting Americans from Tax Hikes (PATH) Act of 2015,
which was passed by Congress and signed into law by the
president on December 18, 2015, made permanent what is
popularly known as the IRA charitable rollover.