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What is a qualified charitable distribution through your IRA?

A qualified charitable distribution (QCD) allows individuals who are 70½ years old or older to donate up to $105,000 total to one or more charities directly from a taxable IRA instead of taking their required minimum distributions. As a result, donors may avoid being pushed into higher income tax brackets and prevent phaseouts of other tax deductions, though there are some other limitations.

Qualified charitable distributions can be made only to certain qualified charitable organizations, as defined in the tax code.

Currently, QCDs cannot be made to donor-advised fund sponsors, private foundations and supporting organizations, though these are categorized as charities. NOTE: Donors should check before making a gift to ensure the organization is qualified to accept QCDs.

End Veteran Debt is a 501(c)(3) Non-profit Private Charitable Foundation, and as such cannot accept IRA distributions. If you are 70½ years old or older and want to make a charitable distribution for Veterans via your IRA, please contact us directly so we can put you in touch with partner charitable organization that can receive such donations.