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What is a Qualified Charitable Distribution? (QCD)
🔍 What is a Qualified Charitable Distribution? (QCD)
What is a qualified charitable distribution?
📝 Overview
Generally, a qualified charitable distribution is an otherwise taxable distribution from an IRA (other than an ongoing SEP or SIMPLE IRA) owned by an individual who is age 70 or over that is paid directly from the IRA to a qualified charity.
SeePublication 590-B, Distributions from Individual Retirement Arrangements (IRAs)for additional information.
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