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.

HIGHLIGHTS: 

  1. Qualified charitable distribution.

  2. Maximum annual exclusion.

  3. Itemized deductions.

  4. Age requirement.

  5. Effect on AGI.


CLIENTS WHO MAY BENEFIT:

  1. Taxpayers age 70 1/2 who want to decrease adjusted gross income or who do not itemize deductions.