Submitted By: someone
Answered: March 25, 2020 2:46 am

I know the SECURE Act increased the age for commencing required minimum distributions (RMDs) to 72. Has the age also changed for qualified charitable distributions?

No. While the SECURE Act raised the age from 70-1/2 to 72 for commencing RMDs for those who attain age 70-1/2 after 2019, the age for qualified charitable distributions (QCDs) has not changed. It is still 70-1/2. Only distributions after attaining this age (and not merely within the year of attainment) qualify as a tax-free QCD up to $100,000. This is an annual opportunity to reduce retirement accounts without taxation. But no charitable contribution deduction can be taken for QCDs.

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Tax Glossary

Tax preference items

Items that may subject a taxpayer to the alternative minimum tax (AMT).

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