February 7, 2022
Forbes columnist Julie Jason interviewed Tax Director Alexander Kotwal, for a discussion of how new rules may limit taxpayers’ maximum qualified charitable distributions from IRAs.
Forbes
By Julie Jason
Excerpt:
“The maximum QCD exclusion is reduced by the excess of deductible IRA contributions in years in which the taxpayer was age 70 1/2 or older, over the total QCDs reported in all tax years preceding the current tax year,” explained Kotwal.
