What is a qualified charitable distribution (QCD)?
A QCD is a direct transfer of funds from your IRA custodian, payable to a qualified charity. IRA owners and beneficiaries who are age 70 1/2 or older can take advantage of this opportunity. You may distribute up to $100,000 per year directly from your Traditional IRA to Hope House Ministries (a 501(c)3 nonprofit) with no federal tax consequences. Click to learn more.
Can a qualified charitable distribution satisfy my required minimum distribution from an IRA?
Yes, QCDs can be counted toward satisfying your minimum required distributions (MRDs) for the year, as long as certain rules are met. Click to learn more.
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