What’s A QCD?
A Qualified Charitable Distribution is a mechanism by which you use your required distributions from your retirement accounts to contribute to charitable causes. A QCD is not taxed, nor is it included in your taxable income.
Over the course of just a few short years, QCDs have gone from a relatively new and obscure way for seniors to make a difference during their lifetimes to a very popular element of financial planning. That’s because QCDs allow anyone 70½ and older with a traditional IRA to be philanthropic — while enjoying tax advantages.