Written by Larry Takahashi
For charitably-minded individuals who are at least 70½ years old, did you know you can make tax-free charitable donations directly from your traditional IRA?
A Qualified Charitable Distribution (QCD) allows you to benefit your favorite charity and exclude up to $100,000 from gross income. If you file a joint return, your spouse can exclude additional QCDs up to $100,000 (if 70½ or older).