Our Verbiage here......
Just some sample verbiage.....
To make a QCD, you instruct your IRA trustee to pay the money directly to the qualified charity. You can donate up to $105,000 each year as of 2024.6
Internal Revenue Service. "401(k) Limit Increases to $23,000 for 2024, IRA Limit Rises to $7,000."
Your spouse can also make a QCD from their own IRA, if they’re eligible, and also up to $105,000, for a total maximum of $210,000 if you file jointly.
Just some sample verbiage.....
To make a QCD, you instruct your IRA trustee to pay the money directly to the qualified charity. You can donate up to $105,000 each year as of 2024.6
Internal Revenue Service. "401(k) Limit Increases to $23,000 for 2024, IRA Limit Rises to $7,000."
Your spouse can also make a QCD from their own IRA, if they’re eligible, and also up to $105,000, for a total maximum of $210,000 if you file jointly.