Mark Miller: Remaking Retirement

A Tax-Smart Way to Give to Charity

Mark Miller

Giving away money from your IRA is looking like a better bet than ever.

Well, perhaps not just giving it away, but donating to a charitable cause. The qualified charitable distribution permits IRA account owners of a certain age to use IRAs to make direct charitable contributions up to $100,000 annually. If you are charitably minded and older than 70 1/2, QCDs offer a tax-sensible route to giving after last year's Tax Cuts and Jobs Act.