Save thousands in taxes with Qualified Charitable Distributions
Hey listeners- KMUD here with a money-saving tip for retirees.
Are you 73 or older? Then you’re dealing with Required Minimum Distributions – forced yearly withdrawals from your IRA that you pay taxes on.
Here’s the secret: Qualified Charitable Distributions let you send up to $105,000 per year directly from your IRA to charity. It counts toward your required distribution, but you pay ZERO taxes on it.
Instead of paying the IRS on money you didn’t want to withdraw anyway, you can support causes you care about and keep more money in your pocket.
Qualified Charitable Distributions offer a way to transform required withdrawals into meaningful charitable contributions while reducing your tax burden.