The lowdown on qualified charitable distributions

Description

Abstract: Qualified charitable distributions (QCDs) can help people use their required minimum distributions (RMDs) to support worthwhile organizations while excluding the amounts from their taxable income. This article explains the advantages of doing so, including the ability to stay under various income-based phaseouts and thresholds that can reduce other tax benefits or trigger certain taxes. The article lists the rules for QCDs, including recent changes to the age requirements.