Who doesn't love tax free? The IRS reminded us yesterday that IRA owners age 70-1/2 or older have a limited time available to make tax-free transfers to eligible charities and have them count for tax-year 2012. Please remind your donors that there is still time for them to make tax free IRA donations to your organization.

The American Taxpayer Relief Act of 2012, signed into law January 2, 2013, extended for 2012 and 2013 the provision authorizing qualified charitable distributions, paid directly for an eligible charitable organization to be excluded from income up to $100,000.

This option is available regardless of whether an eligible IRA owner itemizes deductions on Schedule A, so it can be an effective way to reduce tax on those individuals who do not itemize, yet still want to contribute to their favorite charities.

How it works:

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