Tag: qualified charitable distributions
Qualified Charitable Distribution could be part of RMD strategy
If you’re charitably inclined and required to take a minimum distribution from your IRA but you don’t need the entire amount for personal expenses, a Qualified Charitable Distribution (QCD) might be a beneficial option. A Qualified Charitable Distribution is a...
Guest Author Joseph J. Lezotte, CFP®, AIF®: Is a qualified charitable distribution right for you?
If you’re a charitably-minded individual at an age that requires you to take a required minimum distribution from your IRA and you don’t need the full amount to support you, a qualified charitable distribution (QCD) may be a good option....
Failure to substantiate charitable contributions could cost you
Substantiation requirements for charitable contributions vary depending on the size and nature of the donations—and taxpayers should be prepared with adequate documentation. While a recent article in Forbes pokes fun at substantiating charitable contributions, it reminds us that the IRS...