QCD – Qualified Charitable Donation

Picture2For several years the U.S. House or Representatives has voted to extend making charitable donations from your IRA directly to a 501(c)3 organization.  A 501(c)3 designation is IRS lingo for non-profit or charitable organization.  At times this has been last minute or even retroactively.

There is conversation afoot about simply making this a permanent option.  You can read the full article here including comments by Ed Slott, one my main mentors in the area of IRA training.

This if passed, applies to the population that is over the age of 70 1/2.

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