What is the age for a QCD
Is the age for a QCD still 70 1/2 (in 2021) or did the age for a QCD get changed to 72 when the RMD age was increased to 72 in 2020.
Thank you in advance for your help.
Is the age for a QCD still 70 1/2 (in 2021) or did the age for a QCD get changed to 72 when the RMD age was increased to 72 in 2020.
Thank you in advance for your help.
Permalink Submitted by Alan - IRA critic on Wed, 2021-04-14 18:45
The QCD age has not changed. It remains 70.5. While owners RMDs do not start until 72, a person might have an inherited IRA with annual RMD income that could be offset by a QCD at 70.5.