News From the IRS Time to Update Your Mortality Tables!
Author: Staff Editors.
Source: Volume 08, Number 05, July/August 2009 , pp.4-5(2)
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Abstract:
On May 1, 2009, the IRS issued T.D. 9448, providing updated tables for charitable deductions based on mortality tables prepared in 2000. The new tables are not required to be used until July 1, 2009. As might be expected, the new tables reflect slightly increased life expectancies, but the effect on deductions for charitable transfers will not be dramatic—just over 1% in most cases.Keywords:
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