Thanks to the Tax Cuts and Jobs Act of 2017, fewer people itemize expenses on their taxes due
to the higher standard deduction amounts. For many, giving to their church or favorite charity
doesn’t offer added tax benefits. For those over 70 ½ though, a QCD from an Individual
Retirement Account can be a win-win-win!

Many IRAs allow for Qualified Charitable Distributions, a tax-free withdrawal (win!) whereby
the check is made directly payable to a qualified 501c3 charity, who in turn receives the money
tax-free (win!) due to their charitable status. Additionally, the IRA owner may count the
distribution toward their Required Minimum Distribution (win!) in the year the distribution is
made. The check may be sent to the IRA owner to present to the charity, but must be made
payable to the organization. There is no minimum for QCD’s, but there is a maximum annual
amount of $100,000 per person. QCDs can be made to multiple charities each year and can even
be scheduled at the IRA owner’s request. For your giving, consider Qualified Charitable
Distributions, a win-win-win!

LouAnn Schulfer of Schulfer & Associates, LLC Wealth Management can be reached at (715)
343-9600 or louann.schulfer@lpl.com TheWealthInformationLady.com 
SchulferAndAssociates.com , or louann.biz

Securities and advisory services offered through LPL Financial, a Registered Investment Advisor.  Member FINRA/SIPC.