Just this week, the Senate signed off on legislation that reinstates retroactively many expired tax provisions. One of those provisions is the IRA charitable rollover. If you aren't familiar with the IRA Charitable Rollover, it allows individuals 70 1/2 or older to distribute up to $100,000 from an IRA to a qualifying charity. While taxpayers can't claim a charitable deduction for such gifts, they don't have to count the gift as taxable income. Sadly, this tax provision will expire again on January 1.