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Planned Giving: IRA Qualified Minimum Distribution
Upon reaching age 72, the IRS requires that all qualified IRA holders take a Required Minimum Distribution (RMD) from their accounts. This distribution is countable as income and taxable at your normal income tax rate.
Making a contribution directly to charity from your IRA is termed a Qualified Charitable Contribution (QCD) or is sometimes referred to as a Charitable Rollover and allows you to give up to $100,000 per year without having to pay federal, and typically state, income taxes on the distribution while still meeting the requirement for your annual RMD.