In previous tax years, anyone over 70.5 could gift their required minimum distributions (RMDs) from their IRAs to ministries. This year you can still give your RMDs, but the charitable provisions of the CAREs Act offer generous givers broader tax advantages for giving retirement assets. In this year only, if you are over age 59.5 you can give from your IRA, 401K or Pension Plan to ministry with no federal income tax and no penalties.

On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security (CARES) Act was passed into law. The $2.2 trillion economic stimulus package broadly assists businesses, state and local governments, …