To:.......IRA Custodians/Trustees
From:..James M. Carlson, J.D. President
Date:...October 29, 2015


Subject: Qualified Charitable Distributions in 2015

Status - unsettled. See the discussion in the December 2014 and April 2015 issues of the Pension Digest.

The bill, Tax Relief Extension Act of 2015 was formally introduced in the Senate in August of 2015. It is S.1946. In general, it extends for two years numerous tax laws that expired as of December 31, 2013 or December 31, 2014. This bill would extend the rules for QCDs for tax years 2015 and 2016. Such an extension of the QCD Rules is estimated to cost $1.86 billion over 10 years.

The U.S. House of Representatives is considering its own version of a bill to extend certain expired tax provisions.

With today's change in the Speakership of the House of Representatives and the general political climate, it is unclear if the QCD laws will be extended for 2015 and 2016. My personal belief, it is more unsettled this year than in prior years. However, one can expect the Charitable industry and its lobbyists are working hard to extend this provision.

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