Congress·In Committee·H.R. 2891
IRA Charitable Rollover Facilitation and Enhancement Act of 2025
Retirement Accounts: Giving IRA Money to Charity Funds
Part of: IRA Charitable Rollover Facilitation and Enhancement Act
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Stalled
No legislative action in over 90 days.
Legislative Progress
House
Key Points
- This bill changes tax laws to allow people to move money directly from their retirement accounts to special charity accounts called donor advised funds.
- Under current law, seniors can give money from their IRAs to most charities without it counting as taxable income, but they are currently banned from sending that money to donor advised funds. This bill would end that restriction.
- Donor advised funds are popular because they let people put money aside for charity now and choose which specific groups to help later on. This bill gives retirees more flexibility in how they manage their giving.
- This change would help retirees meet their required yearly retirement withdrawals while supporting causes they care about without facing a large tax bill.
- The new rules would apply to any money moved from an IRA to one of these funds starting as soon as the bill is signed into law.
Impact Analysis
Govbase has not yet run an impact analysis on this legislation.
Milestones
2 milestones2 actions
Apr 10, 2025
Referred to the House Committee on Ways and Means.
Apr 10, 2025
Introduced in House
The bill was officially filed and given a number. It now enters the legislative queue.
Votes
No votes have been recorded for this legislation yet.
News
No related news coverage found for this legislation yet.
Source Information
Document Type
Congressional Bill
Official Title
IRA Charitable Rollover Facilitation and Enhancement Act of 2025
Bill NumberHR 2891
Congress119th Congress
ChamberHouse of Representatives
Latest ActionReferred to the House Committee on Ways and Means.
Data Sources
Sponsor
Cosponsors
(36)D: 16R: 20
Analysis generated by AI. Always verify with official sources.