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Tax-Free Distributions from IRAs for Charitable Purposes

The American Taxpayer Relief Act reinstates the popular IRA charitable rollover provision for 2012 and 2013. The Act clarifies that direct transfers made from an IRA to eligible charities at any time during 2012 qualify for charitable rollover treatment.

The new law also allows two significant opportunities for donors to make 2012 contributions in 2013, but these contributions must be made this month. Here's how it works:

  • An individual who received an IRA distribution in December 2012 can elect to count all or part of that distribution as a 2012 IRA charitable rollover if the individual transfers the amount in cash to an eligible charity before February 1, 2013.
  • Donors may make distributions directly to eligible charities before February 1, 2013 and elect to have such distributions treated as qualified charitable distributions in 2012.

Donors must be 70 ½ or older to make tax-free charitable contributions of up to $100,000. Under the new law, donors can potentially make tax-free distributions to eligible charities for both the 2012 and 2013 tax years, during 2013.


If you have further questions or would like to speak to one of our professionals regarding any of the tax issues discussed above, please contact your Blue & Co. advisor or e-mail us at or call us at 800-717-BLUE.

Please visit our website at for more information regarding the services we provide.

CIRCULAR 230 DISCLOSURE: To ensure compliance with recently-enacted U.S. Treasury Department Regulations, we are now required to advise you that, unless otherwise expressly indicated, any federal tax advice contained in this communication, including any attachments, is not intended or written by us to be used, and cannot be used, by anyone for the purpose of avoiding federal tax penalties that may be imposed by the federal government or for promoting, marketing or recommending to another party any tax-related matters addressed herein.



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