There are limitations:
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You must be 70½ years of age when the gift is transferred.
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Total charitable distributions can’t exceed $100,000 per year, per IRA owner.
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Distributions must be made directly from your IRA to a qualified charity.
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The gifts cannot be used to establish a charitable gift annuity or fund a charitable remainder trust).
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You cannot make a qualified charitable distribution from a SEP-IRA or SIMPLE IRA.
Talk to your tax or financial advisor about whether a qualified charitable distribution is right for you.
