The QCD limit is subject to an inflation adjustment, so the amount will likely rise annually. This year, the higher amount ...

Who can make this kind of gift? People seventy and a half years old and older (even when your required minimum distribution starts at age seventy-three). Yes. An IRA owner can make a one-time election ...

As the 2024 tax year comes to a close, owners of individual retirement accounts (IRAs) might consider combining the tax benefits of charitable giving with a qualified charitable distribution (QCD) ...

Q. We don’t need all the cash we get from our Required Minimum Distributions so we are interested in these charitable donations from an IRA I’ve been reading about to reduce the taxes on the RMD.

The majority of Americans, 91% of filers, according to the IRS, take the standard deduction instead of itemizing (4). While ...

One useful end of year tax strategy that brings with it aid for struggling charities is the QCD or Qualified Charitable Distribution. In fact, there may be few actions providing as much satisfaction ...

If you are at least 70 ½ years old and you have a traditional IRA, you can donate up to $105,000 directly from your IRA account to charity. This direct transfer, called a Qualified Charitable ...

Q. In a recent column, you indicated that I could use the qualified charitable distribution (QCD) option at 70 1/2. I am confused. I thought I did not have to take required minimum distributions (RMDs ...

LOS ANGELES, CALIFORNIA - NOVEMBER 27: US Senator Alex Padilla volunteers at Project Angel Food for Thanksgiving at Project Angel Food on November 27, 2024 in Los Angeles, California. (Photo by ...

Required minimum distributions apply to anyone aged 73 or older with a retirement account. The IRS recently finalized its rulings on some confusing parts of the Secure Act affecting RMDs. Seniors can ...