Qualified Charitable Distributions: Donating and Gift Giving Through Your IRA
Submitted by TLWM Financial on March 26th, 2024A qualified charitable distribution, or QCD, allows you to distribute funds from your IRA to an eligible charity (a 501(c)(3) organization) as long as you’re 70 1/2 years of age or older. Since the gift will go directly to the charity, you can exclude the dollar amount of the gift from your taxable income up to $100,000 each year.