IRA Gifts for People over Age 70 1/2

Congress has authorized 2008-09 IRA gifts by people over age 701/2, up to $100,000.
 
Eligible IRA donors may:
 
·        Reduce taxable income

·        Cut taxes on Social Security benefits

·        Erase future tax burdens on IRAs

·        Reduce other tax penalties

·        Satisfy minimum IRA distribution requirements

·        Assist A.R.T. programs


To make a gift, simply contact your IRA trustee or custodian and notify our office of your plans so we may ensure proper transfer and receipting of your gift for 2008.  Contact the A.R.T. Development Director at 312-788-3373, x17, if you have questions.