Due to changes in the the tax code a few years ago, most taxpayers can no longer deduct charitable contributions. Making a Qualified Charitable Distribution (QCD) is a great way to make a charitable contribution and still get a tax benefit. A QCD is a direct transfer of funds from your IRA custodian to a qualified charity and counts toward satisfying your annual IRA required minimum distribution (RMD). IRA distributions are generally considered taxable income, but QCDs are excluded. RMDs were waived in 2020, but those over age 72 will be required to take them again in the coming year. Read more about QCDs by clicking the link below: