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IRA Qualified Charitable Distributions

By on January 9, 2020
Categories: CHARITABLE GIVING, TIPS & TRICKS
Documents: opens in a new windowDownload PDF QCD_Fact_Sheet_2020_DY.pdf

A tax-advantaged way for traditional IRA (IRA) owners older than 70 ½ to support their favorite charities is to make Qualified Charitable Distributions (QCDs). By making direct gifts to qualified charities from an IRA, the taxpayer benefits because the donation is excluded when determining Adjusted Gross Income (AGI). AGI is an important amount used in various tax calculations, so reducing AGI by making IRA QCDs can produce tax saving opportunities.

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