MORTON ( 25News Now ) - Qualified charitable distributions, or QCDs, are used during tax season as a strategy allowing people to give from an IRA or 401(k) to a registered nonprofit without paying taxes on the withdrawal.

Phil Cooper, a financial expert at 210 Financial, said older adults can significantly reduce their taxable income by donating to a charity directly from their retirement accounts.

Cooper explained that retirement accounts hold pre-tax dollars, meaning any money taken out for personal use typically counts as income. Once someone is older than 70, they can transfer funds straight to a qualified charity and exclude that amount from their taxes. For seniors who give regularly to churches, ministries, or nonprofits, the savings can be substantial.

Cooper added that timing

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