Promoting IRA Qualified Charitable Distributions to Your Donors
The SECURE 2.0 Act has enhanced IRA Qualified Charitable Distributions (QCDs), allowing taxpayers aged 70½ and older to make direct contributions to qualified charities with increased annual limits and new opportunities through split-interest entities. These QCDs offer significant tax benefits, such as excluding the amount from taxable income and satisfying Required Minimum Distributions (RMDs). Nonprofits can boost donations by educating donors about these advantages and clearly communicating how their contributions will be utilized to support specific initiatives.