Share

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.

RELATED ARTICLES

Two happy smiling women using digital tablet at the bar

Wealth Transfer Guide: A Step By Step Overview On Transferring...

Read Now
the United States Capitol

The American Families Plan Tax Policy Proposals & 2021 Tax...

Read Now
chart line made with pencils showing gradual increase

A Good Time to Give – And to Get a...

Read Now

OUR TEAM

Discover the people who make Dowling & Yahnke one of San Diego’s top wealth management firm.

MEET THE TEAM

CONTACT US

Our team is available now to discuss all of your financial goals.

SEE INFO