What are Qualified Charitable Distributions – QCDs скачать в хорошем качестве

What are Qualified Charitable Distributions – QCDs

Qualified charitable distributions, or QCDs, are almost always the most tax efficient ways to give to charity. Requirements to do a QCD: You must be 70.5. Not 70, but 70 and a half years old! You have a traditional IRA. It must be an IRA, you can't do this from a 401(k) Why are QCDs almost always the best way to give to charity? If you take a distribution from your IRA and send the proceeds first to your bank account and then give to charity, you'll be taxed. With QCDs, the money goes straight to the charity, never to your bank account and therefore is not subject to any taxes. How do you do a QCD? For clients of Arnold and Mote Wealth Management, you receive a special checkbook only for charitable giving. This checkbook makes donating, and record keeping for tax purposes, easy. QCDs take coordination with your overall retirement plan, your financial advisor, and your tax preparer. If you have questions about how to use QCDs to maximize your impact to charities, and save yourself some tax liability, please reach out.