QCD or RMD?

Are you 72 or older? Have you lost the ability to fully
deduct charitable contribu4ons because you no longer
itemize federal income tax deductions? Do you make
donations to St. Ann church regularly? If you answered
yes to these questions, you may want to consider making
a Qualified Charitable Distribu4on (QCD). A QCD is
generally a non-taxable distribution made directly by the
trustee of your IRA to St. Ann or other qualified chari4es.
A QCD reduces your Adjusted Gross Income (AGI) and
thereby reduces taxes. If you are receiving a Required
Minimum Distribution (RMD) from your IRA, a QCD can be
used to help satisfy the RMD. Please consult your tax
advisor or tax return preparer to determine if a QCD
could benefit you.

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