Updated, Aug. 14, 2024: This post has been adjusted to correct the new 2024 IRS cap on annual donations via a QCD. The tax deductions for contributing to a retirement account can be beneficial ...

One possibility is a qualified charitable distribution (QCD), a tax-savvy way to reduce your taxable income and maximize your donations whether you itemize deductions on your tax return or not.

Year after year, this topic continues to bubble up. Confusion exists over when a QCD can be done in relation to the RMD. Qualified charitable distributions (QCDs) can offset all or a portion of an ...

Can you make a qualified charitable distribution (QCD) from your 401(k)? An AI chatbot answers this personal finance question, and a retirement expert assesses its accuracy. Find out what the AI ...