A provision by the Internal Revenue Service that permits people age 70-1/2 or older to contribute up to $100,000 of their IRA money to a charity each year without tax consequences is slated to expire at the end of the year.

However, with so many charities lobbying for its continuation, and with President Obama earlier this year proposing a one-year extension in his budget, it is possible it could be continued, at least for the short term, The Wall Street Journal reports.

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