Charitably inclined? Qualified Charitable Distributions (QCDs) are a smart way to manage your Required Minimum Distributions (RMDs). By directly transferring up to $100,000 from your IRA to a qualified charity, you can avoid recognizing that amount as income on your tax return, reducing your taxable income and potentially lowering your AGI. This strategy can even help reduce Medicare premiums. Support causes you to care about and reap financial benefits! #QCD #RMD #CharitableGiving #TaxPlanning #RetirementStrategies
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