American Taxpayer Relief Act of 2012

The American Taxpayer Relief Act of 2012 has extended the direct charitable distributions from IRAs up to $100,000 for taxpayers 70 1/2 or older. Donors are allowed to make these qualifying contributions for 2012 tax year as long as the contribution is done by January 31, 2013.

See additional summary of ATRA provided by the Southern Baptist Foundation at the following link:

TAX RELIEF ACT OF 2012 SUMMARY