Qualified Charitable Distributions

Christian talk radio with Rob West

The Qualified Charitable Distribution (QCD) is a powerful tool that can help Christians reduce their federal taxes while increasing their giving to God's kingdom. It allows you to withdraw funds from your traditional IRA and have them go directly to a qualified charity, such as your church or a ministry you'd like to support. The money is not subject to taxes and won't be counted as taxable income, and it can also count as your Required Minimum Distribution (RMD). There are some restrictions, such as the annual limit of $100,000 and the fact that the money must go through your retirement plan trustee to the charity, but overall it is a great way to be a faithful steward of the resources God entrusts to us.