Seniors Can Reduce Their Tax Burden by Donating to Charity Through Their IRA

Shared from IRS.gov  In most cases, distributions from a traditional Individual Retirement Account (IRA) are taxable in the year the account owner receives them but there are some exceptions. A qualified charitable distribution (QCD) is one of the few exceptions. A QCD is a nontaxable distribution made directly by the trustee of an IRA to organizations…