Age Requirement
You must be 70 ½ or older to take a QCD.
Tax Benefits
While it doesn’t provide a tax deduction, the QCD avoids having the funds count as a taxable income, potentially reducing your taxable income.
RMD Consideration
QCDs can also fulfill your RMD if you’re 73 or older, which is a tax-free way to satisfy your RMD obligaton.
Qualified Charities
The donation must go directly from the IRA to a qualified charity, not the individual.
Contribution Limit
The maximum QCD amount per person per year is $108,000.