A charitable donation wrinkle worth knowing about

Vanguard requires that you either fill out a form or call to request the transfer for the donation to count as a qualified charitable donation.

This is called the IRA Qualified Charitable Distribution rule, and it allows IRA account owners who are subject to the required minimum distribution (RMD) rules to use untaxed money in an IRA as a donation to a charity tax-free. The rules require that the money distributed be directly transferred to a charitable organization, and they set a dollar limit of up to $100,000 per year.

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