In order to make a QCD, you need to donate straight from your IRA to a qualified charity. The money never hits another of your personal accounts. A charity can qualify for a tax-deductible, qualified ...
Q. We don’t need all the cash we get from our Required Minimum Distributions so we are interested in these charitable donations from an IRA I’ve been reading about to reduce the taxes on the RMD.
Getting the right tax advice and tips is vital in the complex tax world we live in. The Kiplinger Tax Letter helps you stay right on the money with the latest news and forecasts, with insight from our ...
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