For joint returns, the amounts are doubled. A penny here, a penny there and pretty soon you re talking about big bucks. Tax-free distributions from Individual Retirement Accounts for charitable gifts. All income received would be taxable as ordinary income. No income tax charitable deduction would be allowed for IRAs rolled over for outright or life-income charitable gifts.
Charitable remainder trusts unrelated business income.
Currently, a charitable remainder unitrust or annuity trust loses its tax exemption in any year that it has any unrelated business taxable income. Split-interest trust filing requirements. Charitable remainder unitrusts, annuity trusts and pooled income funds are required to file annual information returns. Increased percentage limitations for corporate charitable gifts. Tax on private foundations investment income.