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Qualified Charitable Distribution Basics

Marty Shenkman and Chris Hoyt discuss how clients can use QCDs.

In the wake of the Tax Cuts and Jobs Act of 2017, particularly because of the increased standardized deduction amount and lower limits on many itemized deductions, it's much harder for clients to continue under the old paradigm of simply cutting a check to charity and then claiming a deduction.

However, clients over age 70 1/2 are in luck, as they can take advantage of a technique know as a qualified charitable distribution to make donations to charities directly out of their IRAs.

Marty Shenkman sits down with Professor Chris Hoyt to explain how this technique works and what your clients stand to gain from considering its use.

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