Reminder to IRA owners age 70½ or older: Qualified charitable distributions are great options for making tax-free gifts to charity

 If you have clients age 70½ or older who have an individual retirement arrangement (IRA), remind them of their option to transfer up to $100,000 to charity tax-free each year. These transfers, known as qualified charitable distributions (QCDs), offer eligible older Americans a great way to easily give to charity before the end of the year. Moreover, for those who are at least 72, QCDs count toward the IRA owner's required minimum distribution (RMD) for the year. This news release is also available in Spanish.