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Tips and Tricks for Today and Tomorrow: Episode 5 – Qualified Charitable Distributions

This episode explains qualified charitable distributions (QCDs), which let IRA owners aged 70½ or older give directly to charity tax-free. A QCD can satisfy required minimum distributions while keeping the donated amount out of taxable income, making it one of the most tax-efficient ways for retirees to give.

Jerry Davidse

This episode explains qualified charitable distributions (QCDs), which let IRA owners aged 70½ or older give directly to charity tax-free. A QCD can satisfy required minimum distributions while keeping the donated amount out of taxable income, making it one of the most tax-efficient ways for retirees to give.

Key takeaways

  • A QCD lets IRA owners 70½ or older donate directly to charity tax-free.
  • QCDs can count toward your required minimum distribution for the year.
  • The donated amount is excluded from taxable income, lowering your tax bill.
  • QCDs are often more tax-efficient than giving cash and then taking the RMD.
More on Tax PlanningRetirement & Income Planning

Written by

Jerry Davidse

Chief Executive Officer · CFP®

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