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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.

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The information on this website is not intended as financial, legal, or tax advice. For such advice, please consult your accountant, attorney, or financial planner for professional advice and counsel. References to estate and income taxes include federal taxes only. State income/estate taxes or state law may impact your results.