A qualified charitable distribution, or a QCD, is a distribution from an IRA that goes directly to a qualifying charity and is not included in the taxable income of the IRA owner. Under the new tax law, QCDs are more valuable than ever. Using a QCD may significantly increase your tax savings under the new higher standard deduction. However, not everyone is eligible to do a QCD, and if you are, there are certain rules that apply.

Continue reading Navigating QCDs in 5 Easy Stepspdf to learn more about eligibility and the rules surrounding qualified charitable distributions.

Click the like to view our video course on Income Planning: http://wealthfinancialpartners.net/

Sign Up for E-News

 

For more IRA Expertise, contact us!

Walter F. Pardo, Founding Partner

An Ed Slott Master Elite IRA Advisor

22 Church Street | P.O. Box 60 | Liberty Corner, NJ | 07938

Phone (877) 714-2362 | Fax 1 + (908) 325.0008

walter@wfp-taxes.com

www.wfp-taxes.com