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QCD Giving
A Special Giving Opportunity for Those Age 70½ and Older
If you're age 70½ or older and have an Individual Retirement Account, there is a charitable giving opportunity you may not know about.
It's called a Qualified Charitable Distribution, or QCD.
A QCD allows you to make a charitable contribution directly from your IRA to an eligible nonprofit organization, such as Sow Good Now, without including that distribution in your federal taxable income.
If you're already required to take minimum distributions from your IRA, a QCD can satisfy some or all of that obligation. Instead of withdrawing money, paying income taxes on it, and then writing a check to charity, you can direct those dollars straight to a cause you believe in.
