The American Taxpayer Relief Act of 2012 reinstated the “IRA charitable rollover” through the end of 2013. The law allows individuals 70½ and older to give up to $100,000 from their individual retirement accounts (IRAs) and Roth IRAs to qualified charitable organizations such as the League of Women Voters Education Fund without having to treat the withdrawals as taxable income. The transfer, if done properly, counts towards the taxpayer’s required minimum distribution for the year, and can be of particular value to individuals who do not claim itemized deductions on their tax return because the funds are transferred directly to nonprofits from IRA accounts and are never counted as income. Every donor’s circumstances are different, so please consult with your tax advisor to see if an IRA rollover is right for you. Please contact Kate Jankowski in the state League’s Development office at (518) 465-4162 for additional information.