We’ve now begun the fourth quarter of 2022 and for those of you 70 1/2 or older, you should be strongly considering using the second-best provision in our tax code: The QCD (Qualified Charitable Distribution). Your gifts must be received before the end of the year, here’s how it works.
Not 70 1/2 yet? Forward this email to someone that is. They will thank you if they’re not already using the QCD.
We have roughly 40 days left to receive new QCD requests from you. To make sure we have time to process, cut the check and mail your gift, we’ve established a cut-off of Thursday, December 1, 2022, for new QCD requests. Existing and ongoing QCD requests will continue to be processed normally.
Review now the 10 things you need to know about QCDs and tips on how to best use this valuable IRS provision.
Have you never used a QCD and wonder if it’s smart for you? Call me. I’m happy to walk you through this strategy.
