Charitably minded IRA owners, age 70½ or older, interested in minimizing income taxes, can continue to take advantage of the IRA Charitable Rollover through December 31, 2009, thanks to the recently passed "bailout" legislation. While the Emergency Economic Stabilization Act of 2008, signed into law October 3, 2008, was not greeted by all with "thanks," certain individuals and the charities that will benefit were happy with at least this part of the legislation. The bill contains a two-year extension of the IRA Charitable Rollover that expired at the end of 2007.