The Senate voted last night to extend the tax extenders—including the IRA charitable rollover—for 1 year, retroactive for 2014. Now, that the House and Senate have both passed H.R. 5771, the bill awaits President Obama's signature. This 1-year extension for 2014, includes the IRA charitable rollover and the enhanced deductions for conservation easement and food inventory donations. The Council on Foundations anticipates that the bill will be signed by the President this week.
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