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The Legacy IRA Act, US Capitol Building in Background

A New Law Incentivizes Charitable Giving from Seniors

On December 29, the President signed into law the Consolidated Appropriations Act of 2023, which included the SECURE 2.0 Act of 2022 (“SECURE 2.0”). SECURE 2.0 contains dozens of provisions aimed at encouraging additional retirement savings among Americans. We are excited to share that among SECURE 2.0’s provisions is a modified version of the Legacy IRA Act which will incentivize more charitable giving from seniors (Section 307).
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