Turn Your RMD Into Charitable Giving | Business and Finance News

Don’t let your Required Minimum Distribution (RMD) stress you out—there’s a smart way to turn it into a charitable win. Starting at age 73 or 75, you’re legally required to withdraw from your traditional IRA, which can spike your taxes if you don’t need the cash. But here’s the twist: you can donate that money directly to charity via a Qualified Charitable Distribution (QCD), and it won’t count as taxable income. Up to $111,000 per person annually, QCDs let you satisfy your RMD while supporting causes you care about—perfect for couples with sizable IRAs. Just note: this only works with traditional IRAs (not 401(k)s, though you can roll them over). Planning ahead is crucial—maxing out QCDs might not cover your full RMD, so understanding your options now can save you from tax surprises later. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/005bba2b3a2659ef