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 Steps to learn more about eligibility and the rules surrounding qualified charitable distributions.
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