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H.R. 2891119th CongressIn committeeLatest action Apr 10, 2025Decoded by AI · checked against the record
Official title: IRA Charitable Rollover Facilitation and Enhancement Act of 2025
Introduced:
Read the official bill on Congress.govThe plain-language version leads. The official text is always the reference.
HR 2891 lets Americans 70½+ roll up to $105,000 yearly from IRAs into donor-advised funds tax-free, reversing a current exclusion.
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HR 2891 removes a restriction that blocks people from using the qualified charitable distribution tax benefit when donating IRA funds to a donor-advised fund. Currently, Americans age 70½ or older can transfer up to $105,000 per year directly from an IRA to most charities without counting that money as taxable income, but donor-advised funds are excluded from that option. This bill would extend the existing benefit to cover donor-advised funds.
The change would most directly affect Americans age 70½ and older who hold traditional IRAs and wish to give to charity through a donor-advised fund. Financial institutions and nonprofits that manage donor-advised funds, such as community foundations and large financial firms with charitable arms, would also be affected.
Donor-advised fund sponsors could receive more contributions through the IRA rollover channel, expanding the flow of charitable dollars into those accounts. People who do not have IRAs, are under age 70½, or do not use donor-advised funds would not be directly affected by this change.
AI-drafted summary. Verify it against the official text before you act on it. Read the official bill on Congress.gov
Right now: a House committee is reviewing it. If the Senate changes it, it goes back to the House before reaching the President.
Latest action: — Referred to the House Committee on Ways and Means.