Give More, Tax Less: Donate from Your IRA and Save in 2025!

The year is more than halfway over, so now is a great time to consider ways to reduce your 2025 tax bill. If you’re age 70½ or older and own or are the beneficiary of an IRA, here’s one strategy to explore: donating up to $108,000 directly from your IRA to IRS-qualified charities (or up to $216,000 for eligible married couples). These qualified charitable distributions (QCDs) can count toward your IRA required minimum distribution, if one applies. While QCDs don’t qualify for a charitable deduction, the donated amount is excluded from your taxable income, helping preserve eligibility for other tax benefits. QCDs offer other tax advantages worth considering. Contact us with questions.