qualified charitable distributions definition

qualified charitable distributions means distributions of cash,
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qualified charitable distributions means distributions of cash, beneficial interests or other assets to one or more qualified charities having an aggregate value equal to at least 2.5% of the fiduciary financial institution's transactions originated during the taxable year. Such transactions shall exclude any renewals, extensions of credit or accruals associated with transactions made in a prior taxable year;
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qualified charitable distributions means distributions of cash, beneficial interests or other assets to one or more qualified charities having an aggregate value equal to at least 2.5% of the fiduciary
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Examples of qualified charitable distributions in a sentence

  • Qualified Charitable Distributions may also be made by a beneficiary who is exactly age 70½ or over.

  • Qualified Charitable Distributions are not subject to Federal income tax withholding.

  • The Tax Relief, Unemployment Compensation Reauthorization, and Job Creation Act of 2010 extended Qualified Charitable Distributions for 2010 and 2011 under the same rules that originally applied.

  • Qualified Charitable Distributions - If an IRA owner is exactly age 70½ or over, the IRA owner may direct the IRA trustee or custodian to transfer up to $100,000 per year from the IRA to a qualified charity.

  • Qualified Charitable Distributions - If a Xxxx XXX owner is exactly age 70½ or over, the Xxxx XXX owner may direct the Xxxx XXX trustee or custodian to transfer up to $100,000 per year from the Xxxx XXX to a qualified charity.

  • Qualified Charitable Distributions (“QCDs”) – Certain taxpayers may transfer funds from their IRA to an eligible charitable organization.

  • Qualified Charitable Distributions (QCDs) - If an IRA owner is exactly age 70½ or over, the IRA owner may direct the IRA trustee or custodian to transfer up to $100,000 per year from the IRA to a qualified charity.

  • Qualified Charitable Distributions - If an XXX owner is exactly age 70½ or over, the XXX owner may direct the XXX trustee or custodian to transfer up to $100,000 per year from the XXX to a qualified charity.

  • Qualified Charitable Distributions (QCDs) were first provided for as part of PPA.

  • Qualified Charitable Distributions (“QCDs”) – Certain taxpayers may transfer funds from their XXX to an eligible charitable organization.


More Definitions of qualified charitable distributions

qualified charitable distributions. For XXX distributions made through 2013, up to $100,000 per year is excludible from income for XXX distributions (from Traditional and Xxxx IRAs, but not from SEP or SIMPLE IRAs) paid directly to a charitable organization after the participant attains age 70½.” will be stricken from the disclosure and replaced with:
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qualified charitable distributions. For XXX distributions made through 2013, up to $100,000 per year is excludible from income for XXX distributions (from Traditional and Xxxx IRAs, but not from SEP or SIMPLE IRAs) paid directly to a charitable organization after the participant attains age 70½.” will be stricken from the disclosure and replaced with the following: “Qualified Charitable Distributions – Up to $100,000 per year is excludible from income for XXX distributions (from Traditional and Xxxx IRAs, but not from SEP or SIMPLE IRAs) paid directly to a qualified charitable organization after the participant attains age 70½.” State Farm Mutual Funds® Xxxx Individual Retirement Account Disclosure Statement Amendment Effective January 1, 2018 On December 22, 2017, the Tax Cuts and Jobs Act (H.R. 1) was signed into law. Section 13611 of the Act eliminates the ability under Internal Revenue Code section 408A(d)(6) to recharacterize or unwind a conversion to a Xxxx XXX. The second paragraph of current Section 6 of the Disclosure Statement: “Significant restrictions may apply to your ability to “reconvert” amounts that have previously been converted to a Xxxx XXX and then recharacterized as a Traditional XXX. You may not make a reconversion of an amount in the same year that it was previously converted and then recharacterized, but you can make a reconversion in the following year. However, the subsequent reconversion may not occur until at least 30 days from the time of the recharacterization. You should consult your tax advisor when considering a reconversion.” will be stricken from the disclosure and replaced with the following:
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qualified charitable distributions. For IRA distributions made through 2013, up to $100,000 per year is excludible from income for IRA distributions (from Traditional and Xxxx IRAs, but not from SEP or SIMPLE IRAs) paid directly to a charitable organization after the participant attains age 70½.” will be stricken from the disclosure and replaced with:
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Related to qualified charitable distributions

  • Charitable contribution means any donation or gift of money or any other thing of value.

  • Capital Distribution means a payment made, liability incurred or other consideration given for the purchase, acquisition, redemption or retirement of any capital stock or other equity interest of any Company or as a dividend, return of capital or other distribution (other than any stock dividend, stock split or other equity distribution payable only in capital stock or other equity of the Company in question) in respect of any Company's capital stock or other equity interest.