Are you over 70.5 and make charitable donations each year? You may be able to use a qualified charitable distribution (QCD) which allows you to donate up to $100,000 per year directly from your IRA. The amount donated will count against your required minimum distribution requirements and reduces your taxable income on IRA distributions. If you typically take the Standard Deduction, the QCD allows you to get a deduction for your donations. Starting in 2024, qualified charitable distributions limit will be adjusted for inflation.