Individual Retirement Accounts - Qualified Charitable Distribution (QCD)
This handout reviews the rules on how to take a taxable traditional IRA distribution and convert it into nontaxable by making qualified charitable distribution.
Qualified charitable distribution.
Maximum annual exclusion.
Effect on AGI.
CLIENTS WHO MAY BENEFIT:
Taxpayers age 70 1/2 who want to decrease adjusted gross income or who do not itemize deductions.