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New Rules for Charitable Donations from Retirement Accounts

This bill amends tax rules to make it easier to donate money from Individual Retirement Accounts (IRAs) to charities. It allows a one-time donation to specific split-interest entities, which combine charitable giving with benefits for the donor, and adjusts donation limits for inflation. This helps citizens support charities more easily while potentially benefiting from tax advantages.
Key points
A one-time election to transfer up to $50,000 from an IRA to certain split-interest entities, which combine charitable support with benefits for the donor (e.g., income for the donor or their spouse).
Limits on qualified charitable distributions from IRAs will be adjusted for inflation starting in 2022, meaning larger amounts can be donated over time without losing tax benefits.
These donations must meet specific conditions to qualify, including that no one other than the donor or their spouse can hold an income interest in the donated funds.
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Expired
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Additional Information
Print number: 117_HR_2909
Sponsor: Rep. Beyer, Donald S., Jr. [D-VA-8]
Process start date: 2021-04-30
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

To amend the Internal Revenue Code of 1986 to allow a one-time election for a qualified charitable distribution to a split-interest entity and to inflation adjust the limits for qualified charitable distributions.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_2909.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-04-30.

What are the main provisions?

Key points include:

  • A one-time election to transfer up to $50,000 from an IRA to certain split-interest entities, which combine charitable support with benefits for the donor (e.g., income for the donor or their spouse).
  • Limits on qualified charitable distributions from IRAs will be adjusted for inflation starting in 2022, meaning larger amounts can be donated over time without losing tax benefits.
  • These donations must meet specific conditions to qualify, including that no one other than the donor or their spouse can hold an income interest in the donated funds.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Beyer, Donald S., Jr. [D-VA-8].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-27.

CATEGORIES

Taxes