Every day, people come to Jewish Social Services, entrusting us with their stories and asking for assistance. While the agency remains rooted in Jewish traditions, our services are non-sectarian, reaching people of all ages, backgrounds and lifestyles. You can come to us regardless of your financial means, because most of our services are delivered without charge.
There is still time to make a 2011 contribution to JSS!
IRA Charitable Rollover Option Extended Through 2011
You can transfer funds directly from your IRA, tax-free, as a gift to Jewish Social Services of Madison through December 31, 2011.
The compromise tax bill (“Tax Relief, unemployment Insurance Authorization, and Job Creation Act of 2010”) extends until December 31, 2011, a provision known as the “Charitable IRA Rollover” which allows taxpayers age 70˝ or older to make tax-free transfers (of up to $100,000 per year) directly from their IRA to charities.
The IRA Rollover was first enacted in 2006 as part of the Pension Protection Act. The provision allows individuals aged 70 ˝ and older to donate up to $100,000 from their Individual Retirement Accounts (IRAs) to public charities without having to count the distribution as taxable income.
Jewish Social Services does not provide tax or legal advice and the information herein is not intended as legal, tax, or investment advice.
