This bill would change the Internal Revenue Code to allow charitable rollovers from individual retirement accounts (IRAs) to donor-advised funds. It does this by removing a phrase in section 408(d)(8)(B)(i) that currently excludes funds described in section 4966(d)(2). The amendment applies to distributions made after the bill becomes law. The bill was introduced on April 10, 2025, and was referred to the House Committee on Ways and Means.
If this bill becomes law, people who withdraw money from an IRA and want to give it to a donor-advised fund could do so under the rollover rule that the bill changes. The bill only removes the stated restriction; it does not itself describe other tax rules or limits. The new rule would apply to IRA distributions made after the law takes effect.
No publicly available information on budgetary effects or costs is included in the bill text or metadata provided.
No publicly available information.
No publicly available information.