The most recent tax act passed by Congress, titled the American Taxpayer Relief Act of 2012, included a renewal of a provision that allows a simple way for senior adults to make gifts to their church or other ministry organization.
Louisiana Baptist Foundation News
As usual the title given to a bill passed by congress doesn’t reflect what the legislation actually does. Most of the provisions in the recently passed American Taxpayer Relief Act of 2012 don’t apply to all American Taxpayer; most of the provisions apply to upper income earners. It also provides very little Relief to taxpayers. It wasn’t even passed or signed in 2012. Never the less, it is an Act.
Published: La Baptist Message, November 2012 No doubt, many of us are familiar with the poem by Myra Brooks Welch “The Touch of the Master’s Hand.” The poem was later set to music and recorded by several well-known artists including Louisiana’s own Wayne Watson. The song describes what happens when a worn out violin is placed in the hands of a master violinist.
by Wayne Taylor, Executive Director, Louisiana Baptist Foundation Published in the La Baptist Message, March 2012 Planning for retirement typically centers around numbers; either saving an amount of money or attaining a certain age to receive Social Security or a company retirement plan. There is a TV commercial for a financial company that promotes the idea that retirement is a number: accumulating the amount of money we need to live comfortably without a paycheck from employment. I confess that I viewed retirement that way, until recently.
Published in Louisiana Baptist Message, MARCH 2012. With the enactment of the Pension Protection Act of 2006 through the end of 2011, individuals had the opportunity to use their Individual Retirement Accounts to make gifts directly to charitable and ministries. Under this provision, Charitable IRA Rollover, the IRA owner could instruct the custodian to make a distribution directly to a church, college or other charitable organization.