QUALIFIED CHARITABLE DISTRIBUTION
If you are 70 ½ years or older, you can make a tax-free donation of up to $108,000 (2025 limit) to Solana Center for Environmental Innovation directly from your taxable IRA (traditional, rollover, or inherited). Our staff is here to help you get a tax break and support a local mission based non-profit.
Benefits of a QCD
Your QCD does not count as a taxable distribution from your IRA, so it does not count as taxable income. This may prevent you from being pushed into a higher tax bracket or a higher IRMAA amount for Medicare. Because a QCD reduces the balance in your IRA, it may reduce your RMDs (Required Minimum Distributions) in future years. If you are 73 or older, this counts towards your RMD. You can make a QCD in excess of your RMD.
