Can I Do A Qualified Charitable Distribution From My IRA?

Flowchart aids in managing Qualified Charitable Distributions from IRAs for clients over 70.5.

Key Benefits

Age Requirements Clarify the minimum age requirement of 70.5 years for clients to be eligible for making Qualified Charitable Distributions from their IRAs.

Distribution Limits Detail the annual limits on how much can be directly transferred tax-free from an IRA to a qualified charity.

Qualified Charitable Beneficiaries Identify what organizations qualify as recipients for QCDs to ensure clients' donations are eligible for the associated tax benefits.

Contributions and Reporting Explain how recent contributions to IRAs can affect QCD eligibility and provide a step-by-step guide to the reporting process required for QCDs on tax returns.

About This Resource

Our flowchart, “Can I Do A Qualified Charitable Distribution From My IRA?” simplifies the complexities of QCDs for clients 70.5 or older. It covers age requirements, distribution limits, qualified charities, account contributions effects, and the reporting process.

Financial Synergies
Wealth Advisors

Financial Synergies Wealth Advisors is a fee-only financial advisor and wealth management firm located in Houston, Texas. For over thirty-five, years we’ve been serving the financial needs of individuals, families, and businesses from around the world. When we take on new clients, they become part of our extended family, and in the past three decades we’ve developed multi-generational relationships with many of them.

Our primary goal is to simplify your financial life. Our Certified Financial Planner™ professionals and advisors combine investment management and holistic financial planning to provide total wealth management for our clients. Together, we’ll construct a financial game plan and investment strategy to meet your goals, and give you greater confidence in your future.