QCD
Discover the powerful strategy of Qualified Charitable Distributions (QCDs). If you're 70 ½ or older, this option turns on, allowing you to direct distributions or convert your IRA's Required Minimum Distributions into a charitable contribution. Not only does this reduce your tax bill, but it also enables you to support a worthy cause. Learn how making a qualified distribution directly from your Traditional IRA to a qualifying charity, up to $100,000 annually, benefits both you and the charity. The beauty of QCDs lies in their impact on tax liability, excluding the amount from calculations affecting Social Security taxation, Medicare premiums, and the Medicare tax on investment income. Enjoy the satisfaction of giving back while simultaneously reducing your taxable income—it's a win-win. Ready to explore this strategy further? Give us a call, and let's delve into the benefits of Qualified Charitable Distributions together.
