If you are 70½ years or older, you may be eligible to make a Qualified Charitable Distribution (QCD) from your Individual Retirement Account (IRA). A QCD allows you to donate up to $108,000 directly from your IRA to a qualified charity without having to report the distribution as taxable income. This can be particularly beneficial, as it may help you meet your required minimum distribution (RMD) while also benefiting your community.
