Giving Just Got Better: Using Qualified Charitable Distributions to Reduce Taxable Income
The Qualified Charitable Distribution, or QCD, has been around since 2006. Recent tax law changes make the QCD more than just a convenience; it is now a viable instrument for some people to reduce their taxable income. Using a Qualified Charitable Distribution is a method to make a charitable gift from an Individual Retirement Account (IRA). Your IRA custodian sends…