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.

A qualified charitable distribution, or QCD, is a donation you make directly from your IRA to a qualified public charity that otherwise would be a taxable distribution. QCDs are a savvy strategy ...

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 ...