SECURE Act 2.0 ~ Qualified Charitable Distribution (QCD) Limit Increases

A QCD allows IRA owners age 70½ and older to donate up to $100,000 each year to qualified charities through a non-taxable distribution from their IRA. The new law indexes the current $100,000 annual limit for inflation starting in 2024. In addition, beginning in 2023, the law allows a one-time QCD of $50,000 to charities via a charitable gift annuity, charitable remainder unitrust, and charitable remainder annuity trust.