S. 4511: A bill to amend the Internal Revenue Code of 1986 to exclude from gross income charitable distributions from certain employer-sponsored retirement plans, and for other purposes.
S. 4511 is a federal bill in the 119th Congress. Today, individuals over age 70 and a half can make tax-free donations to charity directly from traditional Individual Retirement Accounts, but they cannot do so from employer-sponsored retirement plans like 401ks without paying income tax on the withdrawal… See its sponsors, how members voted, and a plain-English breakdown on PolityLens.
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