With the holiday season upon us, you may be considering how you want to make your charitable donations. If you’re an IRA owner, you may want to consider a qualified charitable distribution, or QCD. A QCD is a distribution from an IRA that goes directly to a qualifying charity. No income taxes need to be withheld so they can benefit from a larger amount!
Along with helping your favorite non-profit, QCD’s can also help reduce the tax burden within your retirement accounts since QCDs are not included in your taxable income.
However, QCD gifting can also be complex, so it is important to understand the rules that surround them.
To learn the steps needed to gift a QCD to your charity, Click here to download 'Navigating Qualified Charitable Distributions in 5 Easy Steps'
Have more questions about tax-efficient investment and retirement strategies? Contact our office at 281-999-1283 to schedule a time for a visit.