Consider Making Charitable Donations Using a Qualified Charitable Distribution
Qualified Charitable Distributions or QCDs are a direct transfer of monies from your IRA custodian as funds payable to a qualified charity. QCDs may be tallied toward meeting your annual required minimum distributions (“RMD”), provided certain stipulations are met.
This is a win-win for almost all charitably minded investors. First, by donating to a charity you do good with your money. Equally important if not as altruistic, a QCD excludes the amount donated from your taxable income….Read More