Sentences with phrase «taking qualified charitable distribution»

Taxpayers who are going to have substantial RMDs may want to consider taking qualified charitable distributions (QCDs) that go directly to charity and are excluded from their incomes.

Not exact matches

Folks who are taking Required Minimum Distribution's from their IRA's may also look to see if a Qualified Charitable Distribution makes more sense given the tax change in 2018.

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.

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.

And now I'm comparing doing a qualified charitable distribution as opposed to taking your required minimum distribution and giving it to charity.