A qualified charitable distribution (QCD) is a distribution from yourindividual retirement account (IRA)to a qualified charity. You must be age 70½ or older to make a QCD. A qualified charitable distribution is not taxed, nor is it included in yourtaxable income.1 If certain conditions are...
With a QCD, you do not claim any income from a distribution. Instead, the full amount of your donation goes to the directed charities, and you avoid a significant taxable increase to your income. This may allow you to stay in a lower tax bracket and potentially avoid the 3...