Tax Advantages Of A QCD

Senior tax-saving alert: Make charitable donations from your IRA

Charitable Contributions, IRA, Itemized Deduction, Qualified Charitable Distribution (QCD), Required Minimum Distributions (RMD) / Douglas Freeman

If you’ve reached age 70½, you can make cash donations directly from your IRA to IRS-approved charities. These qualified charitable distributions (QCDs) may help you gain tax advantages. QCD basics QCDs can be made from your traditional IRA(s) free of federal income tax. In contrast, other traditional IRA distributions are wholly or partially taxable, depending […]

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Certain charitable donations allow you to avoid taxable IRA withdrawals

AGI (Adjustable Gross Income), Charitable Donations, IRA, Qualified Charitable Distribution (QCD), Required Minimum Distributions (RMD) / Douglas Freeman

If you’re a philanthropic individual who is also obligated to take required minimum distributions (RMDs) from a traditional IRA, you may want to consider a tax-saving strategy. It involves making a qualified charitable distribution (QCD). How it works To reap the possible tax advantages of a QCD, you make a cash donation to an IRS-approved

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