Sentences with phrase «of qualified charitable distributions»

Financial Planning The Tax Advantages of Qualified Charitable Distributions From IRAs Making charitable donations directly from an IRA can both reduce taxes and keep future Medicare premiums lower.

In years past, retirees» ability to take advantage of a qualified charitable distribution was dependent on Congress greenlighting the maneuver at the end of each calendar year.

Not exact matches

«The qualified charitable distribution enables a taxpayer to claim the standard deduction and still get the charitable deduction,» said Slott of Ed Slott & Co. «If you qualify, it's the only way you should give to charity.»

The easiest way to offset that taxable income would be to give that RMD money to charity through a qualified charitable distribution, said Jeffrey Levine, CEO and director of financial planning at BluePrint Wealth Alliance in Garden City, New York.

If you'd like to reduce the effect of RMDs on your taxes, consider making a qualified charitable distribution (QCD).

To eliminate or reduce the impact of RMD income, charitably inclined investors may want to consider making a qualified charitable distribution (QCD).

So a qualified charitable distribution is where you give a charitable donation to any charity of your choice, has to be a 501 (c) 3 organization, which all charities are.

Qualified Charitable Distributions (QCD) are permitted only after the IRA owner has attained the age of 70 1/2.

The virtue of having your IRA administrator cut a check to the charity — rather than taking the RMD, depositing it in your account, writing the check to charity, and deducting it on your tax return — is that the qualified charitable distribution, unlike an RMD, doesn't inflate your adjusted gross income.

AFTER YEARS OF UNCERTAINTY, Congress voted in late 2015 to make so - called qualified charitable distributions, or QCDs, a permanent part of the tax codOF UNCERTAINTY, Congress voted in late 2015 to make so - called qualified charitable distributions, or QCDs, a permanent part of the tax codof the tax code.

You can learn more about qualified charitable distributions toward the end of the chapter on giving.

In December 2015, Congress voted to make so - called qualified charitable distributions a permanent part of the tax code.