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Making Required IRA Distributions to Qualified Charities May Become an Option

Scott Ditman, CPA/PFS & Marco Svagna, CPA 03.19.2015 | eVisor

Since 2011, Congress has regularly approved extensions to the qualified charitable distribution (QCD) provisions. Under QCD provisions, individuals age 70 1/2 and older can make tax-free distributions of up to $100,000 per year from their individual retirement plans to public charitable organizations.  These contributions count towards the individuals’ required distributions.  While the provisions expired at the end of 2014, Congress may once again reinstate them retroactively.  Seniors who are charity-minded may want to factor this option into their planning.  

Questions.  Contact your Berdon advisor, Scott Ditman, CPA/PFS, at 212.331.7464 | sditman@berdonllp.com, or Marco Svagna, CPA, at 212.331.7644 | msvagna@berdonllp.com.

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