The federal government recently extended the charitable IRA rollover, which allows Americans to make a tax-free gift from their individual retirement account to a nonprofit organization. The charitable IRA rollover, which passed in Congress December 16 and was signed into law by President Obama on December 17, allows Americans over age 70 ½ to make tax-free transfers of up to $100,000 from their IRA directly to a charitable organization.

The law extends the charitable IRA rollover for 2010 and 2011. The rollover for 2010 is retroactive to January 1, 2010, which allows donors to elect to treat IRA rollover gifts made in January 2011 as if they were made on December 31, 2010.

To learn more, tune in to Lite 100.5 WRCH Sunday, January 16 between 5:30 and 6:30 a.m. to hear Susan Dunn, president and CEO of United Way of Central and Northeastern Connecticut, on the Conference of Churches “Rich Answers” Radio show, a religion and public affairs show hosted by Shelley Best.

To make a gift to United Way, please contact Christopher Jungers at 860.493.6837.