Can I Do a Qualified Charitable Distribution from My IRA?

Reference Guides
Written By Echo45 Advisors
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Charitably inclined individuals who are age 70.5 or older may benefit from making a Qualified Charitable Distribution from their IRA (excluding Roth IRAs). This is a popular way for individuals to support their favorite charities while reducing their AGI. The decision and procedure to carry out this strategy can be complicated. 

To help make the analysis easier, check out “Can I Do a Qualified Charitable Distribution from My IRA?” flowchart.  

This flowchart addresses common issues pertaining to Qualified Charitable Distribution rules, including: 

  • Age requirements 

  • Distribution limits 

  • Qualified charitable beneficiaries 

  • The effect of account contributions 

  • Step-by-step reporting process 

Echo45 Advisors http://www.echo45advisors.com
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