H.R. 774 also allows rollovers from IRAs directly into unitrusts, annuity trusts, pooled income funds, gift annuities and direct gifts to qualified charities. This pending Act would amend the Tax Code to provide new tax incentives designed to promote charitable giving. All of the amendments would take effect for taxable years beginning after December 31, 2000. The preceding is meant as general information and does not represent legal or tax advice. Individual circumstances vary - please consult your legal and tax advisors about your specific situation.
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