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Monday, August 9, 2010

Qualified Charitable Distributions from Individual Retirement Accounts: A Fact Sheet

John J. Topoleski
Analyst in Income Security

A provision of the Pension Protection Act of 2006 (P.L. 109-280) allows tax-free distributions

from Individual Retirement Accounts (IRAs) for charitable purposes. This fact sheet describes the

IRA Qualified Charitable Distribution (QCD) provision. The provision had expired on December

31, 2007; it was extended until December 31, 2009, by H.R. 1424/P.L. 110-343, signed by

President George W. Bush on October 3, 2008. In the 111th Congress, the following bills would

extend the provision beyond December 31, 2009: H.R. 2435, H.R. 1250, S. 3134, and S. 864.

Date of Report: July 29, 2010
Number of Pages: 5
Order Number: RS22766
Price: $19.95

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