Qualified Charitable Distributions

Is a Qualified Charitable Distribution Right for Me?


With the standard tax deduction set high for many people, a qualified charitable distribution (QCD) might be a good way for you to continue supporting a charitable cause while receiving a tax break.

You must be at least 70-1/2 years of age before you can leverage this option. Also, this might be a good alternative if you/your spouse:

Qualified Charitable Distribution 1

Are required to take an annual individual
retirement account (IRA) minimum
distribution (RMD).

Qualified Charitable Distribution 2

Do not need the RMD funds and would face
increased tax liabilities if you took
the distribution as income.

Qualified Charitable Distribution 3

Aim to reduce your IRA balance
to decrease future RMDs.

Qualified Charitable Distribution 4

Would like to make a more substantial
charitable gift to a qualified charity.

Qualified Charitable Distribution 5

Do not wish to make your contribution to a
private foundation or donor-advised fund.

Individuals may contribute up to $100,000 per year in QCDs. For married couples, each spouse may contribute up to $100,000, for a total of $200,000 annually.

Download this whitepaper to find out:

  • How a Qualified Charitable Deduction impacts the standard deduction
  • How they work
  • How to report them on your return
  • Which charities qualify
  • And more!

You might be able to leverage this deduction on your tax return.



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