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Qualified Charitable Distributions (QCDs) – A Strategic Way to Give

In Charitable Planning & Philanthropy, Estate Planning, Taxes by Jessica Mora

This year saw one of the largest tax reforms in over three decades. Two of the major changes – an increase in standard deductions and reduced/eliminated itemized deductions – have taxpayers seeking new methods to reduce their tax bills. Although having been around for over a decade, Qualified Charitable Distributions (QCDs) have been reintroduced to the spotlight in 2018 as a strategy to reduce taxable income for retirees.

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Charities and IRAs: Your Questions Answered

In Charitable Planning & Philanthropy, Estate Planning by Mission Wealth

 Can I make charitable contributions from my IRA? Yes, if you qualify. The law authorizing qualified charitable distributions, or QCDs, has recently been made permanent by the Protecting Americans from Tax Hikes (PATH) Act of 2015. You simply instruct your IRA trustee to make a distribution directly from your IRA (other than a SEP or SIMPLE) to a qualified charity. …