S 3975·Federal·senate
IRA Charitable Rollover Facilitation and Enhancement Act of 2026
In CommitteeFiled Mar 3, 2026
Sponsor: Sen. Young, Todd [R-IN] (R)
Latest Action
Read twice and referred to the Committee on Finance.
Mar 3, 2026
Summary
The bill amends the tax code to remove the current prohibition on moving money from individual retirement accounts into donor‑advised funds. It applies to any IRA distribution made after the law takes effect, giving retirees more flexibility in charitable giving. The change could simplify planning and potentially boost charitable contributions.
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