Senate Passes Extenders Bill

The Senate voted last night to extend the tax extenders—including the IRA charitable rollover—for 1 year, retroactive for 2014.

Now, that the House and Senate have both passed H.R. 5771, we are waiting for the President to sign the bill. This 1-year extension for 2014, includes the IRA charitable rollover and the enhanced deductions for conservation easement and food inventory donations.

We want to keep you informed to allow you to best work with donors to plan year end gifts and distributions from IRA’s. While nothing in Washington is certain, it is looking like the bill will be signed by the President this week.