Current Tax Information

IRA Rollover Expires

Congress recessed for the year without taking any action on the IRA Charitable Rollover, so the provision expired on December 31st. In addition to the Rollover, there are about 60 other tax provisions that expired at the end of 2011, and when Congress reconvenes later this month, lawmakers will be under pressure to retroactively extend many of these tax provisions. The cost of such an extension, however, continues to remain a significant hurdle. Not counting an Alternate Minimum Tax "patch," which is typically grouped with any "tax extenders" package, the cost of a one-year extension of all expiring provisions is estimated at $30 billion to $35 billion over 10 years. PPP will continue to push for inclusion of the Rollover in whatever "tax extenders" package may be under consideration in early 2012.

Gift Annuity Rates

For more information and current 2012 suggested gift annuity rates, please visit the American Council on Gift Annuities website, click here.

Sharon Doyle, Gift Planning Officer can answer any questions concerning these changes.  Sharon can be reached at 508-565-1344 or at  sdoyle@stonehill.edu