Qualified Charitable Distribution

A Qualified Charitable Distribution (QCD) allows individuals age 70 ½ or over to exclude up to $100,000 from their gross income, that is paid directly from their IRA (excludes SEP & SIMPLE IRAs unless inactive) to a qualified charity. The benefit is that the amount donated, if meeting all QCD requirements, is federal income tax-free and can count towards your Required Minimum Distribution for the year.