Video Tips: Donating to Charities through IRAs

In most cases, distributions from a traditional Individual Retirement Account are taxable in the year the account owner receives them but there are some exceptions. A qualified charitable distribution is one of the few exceptions. A QCD is a nontaxable distribution made directly by the trustee of an IRA to organizations that are eligible to receive tax-deductible contributions. QCDs can’t occur from Simplified Employee Pension plans and Savings Incentive Match Plan for Employees IRAs.

Share this article...

Want tax & accounting tips and insights?

Sign up for our newsletter.

I confirm this is a service inquiry and not an advertising message or solicitation. By clicking “Submit”, I acknowledge and agree to the creation of an account and to the and .

Social Media

Location

2323 S Voss Rd, Ste 510-03
Houston, Texas 77057
(713) 583-3698
General Questions General FAQs
We would love to make sure we can answer any commonly asked questions or direct you to the right place.
Please fill out the form and our team will get back to you shortly The form was sent successfully