DID YOU KNOW
If you are 70 1/2 or older, you can make a nontaxable transfer of up to $100,000 from your traditional IRA directly to a charity that is eligible to receive tax-deductible contributions.
The transfers are called qualified charitable distributions (QCD) and will count towards your qualified minimum distribution. If you file a joint return, your spouse can also have a QCD and exclude up to $100,000. Unlike typical IRA distributions, these direct gifts to charity are not added to your taxable income.