Giving Through a Qualified Charitable Distribution

A Qualified Charitable Distribution (QCD) is a direct transfer of funds from your IRA to a qualified charity. QCDs can be counted toward satisfying your Required Minimum Distributions (RMDs) for the year, as long as certain rules are met.

A QCD excludes the amount distributed from taxable income, which is unlike regular withdrawals from an IRA. Keeping your taxable income lower may reduce the impact to certain tax credits and deductions, including Social Security and Medicare. Also, QCDs don’t require that you itemize, which due to the recent tax law changes, means you may decide to take advantage of the higher standard deduction, but still use a QCD for charitable giving.

To learn more about giving through a QCD, or to make a gift, please visit www.archokc.org/qcd

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