Support Sister Cities International - No Penalties to Roll IRAs Over

Thanks to new legislation from the U.S. Congress, the Charitable IRA Rollover permits taxpayers age 70 1/2 and older to make tax-free charitable gifts totaling up to $100,000 per year from traditional Individual Retirement Accounts (IRA) and Roth IRAs. According to the Independent Sector, the IRA rollover program not only helps charities, but it also helps the nearly two-thirds of Americans who do not itemize deductions on their annual income tax returns and don't receive a tax benefit for their charitable contributions. Consult with your tax advisor on the details. For more information on how you can donate to help Sister Cities International, contact Patrick Madden, pmadden@sister-cities.org, 202.347.8630 ext. 8631.

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