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Tax Plan Question – QCD

Q: I have two questions regarding the new tax plan. Is there an additional standard deduction amount for over 65 age? Is the qualified charitable donation (QCD) from IRA’s still available?

A: The new tax plan leaves intact the additional $1,300 deduction for each filer 65 and over. It is also our understanding that the new tax plan will not make any changes to QCDs from IRAs.


 

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