Donate to the All American Athlete from your qulified IRA distribution at 70½  using the QCD tax deduction from the IRS.  image

Donate to the All American Athlete from your qulified IRA distribution at 70½ using the QCD tax deduction from the IRS.

Each year, an IRA owner age 70½ or over can exclude from gross income up to $100,000

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QCD DONATION FOR ALL AMERICAN ATHLETE

Normally, distributions from a traditional individual retirement arrangement (IRA) are taxable when received, but with a QCD, these distributions become tax-free as long as they're paid directly from the IRA to an eligible charitable organization.

A QCD donation can be made electronically directly to All American Athlete, or by check payable to the charity, or with an IRA distribution done with an electronic payment. Payment made directly to the IRA owner, does not count as a QCD, likewise, a check made payable to the IRA owner is not a QCD.

Please consult with your tax professional before donating