Qualified charitable distributions (QCDs) are a powerful giving tool to potentially help reduce your adjusted gross income and the amount of tax you pay. For those who are charitably inclined and giving cash, by credit card, or a donor-advised fund, listen how QCDs may be more beneficial if you are at least age 70 1/2.
About Elliott Appel
Elliott Appel is a fee-only fiduciary financial planner, and the host of Making the Most of Time Podcast. He is also the founder of Kindness Financial Planning. He lives in Madison, WI, but serves clients virtually across the United States. When not helping clients organize their financial lives, he enjoys cooking for his wife, playing tennis, hiking, and photography.