For retirees facing Required Minimum Distributions (RMDs), the Qualified Charitable Distribution (QCD) isn't just a "definition"— it can be one of the most powerful tax planning tools in your arsenal.
Assets in individual retirement accounts are the best assets to give to charity, since they’re loaded with taxes. For those who give regardless, using IRAs to make the gifts can provide tax benefits — ...
Section 208 of the American Taxpayer Relief Act of 2012, (P.L. 112-240) (the Act), enacted Jan. 2, 2013, extended application of Internal Revenue Code section 408(d)(8), reauthorizing qualified ...