Seniors' charitable donation limit extended
Last updated 10/23/2008 at Noon
FALLBROOK — Legacy Endowment…The Community Foundation has expressed their enthusiasm over the extension provided to seniors wishing to make charitable contributions from their IRAs for credit in the 2008 tax year.
The recent rescue bill passed by the House and signed into law by President Bush included a provision to extend the ability of seniors over 70 ½ to make tax-free charitable donations from their IRAs until 2009.
All 2008 donations will qualify under this extension.
Seniors will have another couple of months to donate to the charity of their choice in North County through Le...