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Retirees may save with this year-end charitable donation tax strategy

September 7, 2021

From the CNBC website

As the year winds down, retirees eager to make charitable gifts may consider a tax-friendly donation from their individual retirement account. 

The strategy, known as a qualified charitable distribution, or QCD, involves a direct payment from an IRA to an eligible charity.

Retirees who are age 70½ and older may transfer up to $100,000 per year, and someone who is age 72 may use a QCD to satisfy their required minimum distribution.  

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From → Finance

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