FAQs About Giving Your RMD to Charity

Retirees can give up to $100,000 to charity tax-free from an IRA and have it count as their required minimum distribution for the year. Here’s what you need to know.

I get a lot of questions from people over age 70½ about giving their required minimum distribution to charity. The following answers to frequently asked questions will help you make plans to donate your RMD before the year-end deadline.

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Kimberly Lankford
Contributing Editor, Kiplinger's Personal Finance

As the "Ask Kim" columnist for Kiplinger's Personal Finance, Lankford receives hundreds of personal finance questions from readers every month. She is the author of Rescue Your Financial Life (McGraw-Hill, 2003), The Insurance Maze: How You Can Save Money on Insurance -- and Still Get the Coverage You Need (Kaplan, 2006), Kiplinger's Ask Kim for Money Smart Solutions (Kaplan, 2007) and The Kiplinger/BBB Personal Finance Guide for Military Families. She is frequently featured as a financial expert on television and radio, including NBC's Today Show, CNN, CNBC and National Public Radio.