SECURE Act Changes Squeeze Qualified Charitable Distributions

Beware: For some IRA owners, the new law may throw a wrench into their QCD strategy.

If you like to give to charity while also trimming your tax bill, the qualified charitable distribution strategy may be your go-to move: IRA owners who are 70½ or older can transfer up to $100,000 per year to charities they support. Plus, the QCD can count toward annual IRA required minimum distributions. And there’s more: The QCD isn’t included in adjusted gross income, so taxpayers who don’t itemize can benefit. Given today’s higher standard deductions that make it harder to itemize, the QCD is an under-the-radar opportunity to trim your tax tab.

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Mary Kane
Associate Editor, Kiplinger's Retirement Report
Mary Kane is a financial writer and editor who has specialized in covering fringe financial services, such as payday loans and prepaid debit cards. She has written or edited for Reuters, the Washington Post,, MSNBC, Scripps Media Center, and more. She also was an Alicia Patterson Fellow, focusing on consumer finance and financial literacy, and a national correspondent for Newhouse Newspapers in Washington, DC. She covered the subprime mortgage crisis for the pathbreaking online site The Washington Independent, and later served as its editor. She is a two-time winner of the Excellence in Financial Journalism Awards sponsored by the New York State Society of Certified Public Accountants. She also is an adjunct professor at Johns Hopkins University, where she teaches a course on journalism and publishing in the digital age. She came to Kiplinger in March 2017.