Here’s a tip: The money must go directly to a charitable organization. Transfers to a donor-advised fund, charitable gift annuity, charitable remainder trust and any other life-income or split-interest gift arrangement aren’t treated as QCDs. (The Kiplinger Tax Letter, Vol. 94 No. 15, 7/26/19)… Read More

Charitable donations made directly from a traditional IRA can save taxes. People 70 ½ and older can transfer up to $100,000 yearly from IRAs directly to charity. Qualified charitable distributions (QCDs) can count as required minimum distributions, but they are not taxable and they are not added to your adjusted gross income.… Read More