Qualified Charitable Distribution
Learn about qualified charitable distributions from retirement accounts. Discover how QCDs work, tax benefits, and requirements for direct charitable giving ...
Can I donate directly from my IRA to charity without paying taxes?
Yes, through a qualified charitable distribution (QCD), you can transfer funds directly from your traditional or Roth IRA to a qualified charity without the distribution counting as taxable income. You must be at least 70½ years old to make a QCD, and the transfer must go directly from your IRA custodian to the charity. This strategy can be particularly valuable because it satisfies your required minimum distribution while avoiding the tax hit on the withdrawal.
