The Protecting Americans from Tax Hikes Act of 2015 (PATH) was
signed into law by President Obama on December 18, 2015. PATH
provides permanent extensions of certain tax benefits for
individuals that have long been temporary, most notably including a
provision allowing IRA charitable rollovers. IRA charitable
rollover provisions were first enacted as part of The Pension
Protection Act of 2006, but only in temporary form, and since 2006
the provision has been renewed five times. In making the IRA
charitable rollover permanent, PATH eliminates one source of
uncertainty surrounding charitable planning.
The IRS charitable rollover provision allows IRA owners age 70
½ and older to donate as much as $100,000 a year directly to
one or more qualifying charities. The donations, which count as
part of the IRA owner's required annual withdrawal, are
excluded from the taxpayer's income. As in prior years,
contributions made to non-operating private foundations,
donor-advised
