GLOSSARY · TAX & ESTATE

Qualified charitable distribution

A transfer made directly from a traditional IRA to a qualified charity by an owner aged 70½ or older. The amount is left out of taxable income and can count toward a required minimum distribution, which helps people who take the standard deduction. A yearly limit applies and is indexed for inflation.

Also called: QCD, IRA charitable rollover
COMPUTE IT WITH YOUR NUMBERS
Standard vs itemized →Should I itemize or take the standard deduction?
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CHAPTER · LEGACY & PHILANTHROPY PLANNING · STRATEGIESGiving to Charity Tax-EfficientlyCHAPTER · ADVANCED TAX STRATEGIES · DEEP DIVEGiving to Charity Tax-Efficiently
RELATED TERMS
Donor-advised fund
SOURCES
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