Denisev1220
Expert Alumni

Retirement tax questions

You would speak to you IRA custodian to arrange it. Tell him what you aim to do. There are new rules for 2023...Beginning in 2023, you can include in your QCD a one-time gift of up to $50,000 to a split-interest equity, such as a charitable remainder trust (CRT) or charitable gift annuity (CGA). The $50,000 limit will be indexed for inflation, starting in 2024. 

Also, QCDs don't require that you itemize, which due to the recent tax law changes, means you may decide to take advantage of the higher standard deduction, but still use a QCD for charitable giving.

 

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