|
Pension Protection Act of 2006
On August 17, 2006 the Pension Protection
Act of 2006 became law. This new law allows people who
are age 70½ and older to make distributions from
individual retirement accounts directly to non-profit
organizations like WMUB free from federal tax.
There are only two other limitations –
gifts are limited to $100,000 per year per individual
and this provision is only valid until December 31,
2007. This is a rare opportunity – to contribute
without having to claim the gift as federal taxable
income.
Although the time frame is limited, it
is also fortuitous. WMUB is at a turning point. Only
continued support from the community will allow WMUB
to remain a full-time News and Information station.
For more information about making a gift
to WMUB, please contact Len Sternberg at (513) 419-7116
or lsternberg@WMUB.org.
We also encourage you to consult with your tax advisor
before making a gift.
Click
here for more information.
|
