Maximize Tax-Free Giving: New Rules for IRA Charitable Donations in 2024
The IRS is reminding IRA owners aged 70½ and older that they can now donate up to $105,000 tax-free in 2024 through qualified charitable distributions (QCDs), an increase from the previous $100,000 limit. For married couples, each meeting the qualifications and with separate IRAs, the combined limit rises to $210,000. Starting in 2024, the QCD […]