Can I Do A Qualified Charitable Distribution From My IRA?

Charitably inclined clients who are age 70.5 or older may benefit from making a Qualified Charitable Distribution from their IRA (excluding Roth IRAs). This is a popular way for clients to support their favorite charities while reducing their AGI. The decision and procedure to carry out this strategy can be complicated.

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To help make the analysis easier, we have created the “Can I Do A Qualified Charitable Distribution From My IRA?” flowchart. This flowchart addresses common issues pertaining to Qualified Charitable Distribution rules, including:

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• Age requirements

• Distribution limits

• Qualified charitable beneficiaries

• The effect of account contributions

• Step-by-step reporting process

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