charitable donations

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Congress has renewed the Charitable IRA Rollover for 2015.

The charitable IRA rollover, or qualified charitable distribution (QCD), is a special provision allowing certain donors to exclude from taxable income -- and count toward their required minimum distribution -- certain transfers of Individual Retirement Account (IRA) assets that are made directly to public charities, including Northwest Public Radio through the WSU Foundation.

Donors age 70-1/2 or older can use this popular option to support charities with tax-wise gifts of up to $100,000. Rollovers can count toward your minimum required distribution.

Congress has yet to take action on a bill that would reinstate the IRA Charitable Rollover, which offers tax savings for some donors 70 1/2 and older.

The bill that includes the IRA Charitable Rollover has been with the U.S. Senate since early August. It is part of a bill that includes other expired tax provisions.

We will continue to monitor the bill's progress and provide you with updates on this page and on air.

Sometimes, It’s Hard To Give Away Money

Dec 11, 2014
markemark4 / Flickr

It’s not always easy to give money to charity. Sometimes… people just don’t want it.

Last month, a farmer in Prosser auctioned off his marijuana harvest. It was Washington’s first such auction. Randy Williams, owner of Fireweed Farms, wanted to “get rid of it all quick.” And he did, selling 300 pounds of pot for $600,000.