Philanthropy

Have You Planned Your Charitable Contributions for 2019? Rules, Benefits, and Questions About QCDs.

Have You Planned Your Charitable Contributions for 2019? Rules, Benefits, and Questions About QCDs.

When you reach the required age (70½), you are required to take a minimum distribution from your IRA. But if you don’t need the funds, a QCD counts toward your minimum distribution and is one way to maximize your charitable impact, while reducing your tax liabilities. While most non-Roth IRAs are eligible for QCDs, there are other requirements.