The Impact of the Secure 2.0 Act on Qualified Charitable Distributions

In 2024, the annual limit for qualified charitable distribution will be indexed to inflation. So what this means is that with those sizable IRA assets and therefore sizable required minimum distributions, you may be able to satisfy a larger portion of your required minimum distribution with these QCDs. It would make sense certainly to sit down with, again, your advisor and your tax advisor just to make sure that if you are completing these qualified charitableributions, you want to made sure that strategy is updated to reflect the potentially higher limits each year.