Retirement Spotlight – Tax Bill Makes IRA Qualified Charitable Distribution Option Permanent

Tax Bill Makes IRA Qualified Charitable Distribution Option Permanent

After numerous temporary extensions since 2006, Congress has made permanent the IRA qualified charitable distribution (QCD) option for taxpayers age 70 ½ or older. This option allows a qualifying taxpayer to donate up to $100,000 per year of IRA assets tax-free to qualifying charitable organizations. The bill has now gone to President Obama for signature and enactment.

Read this full edition of Ascensus’ Retirement Spotlight here.