Avoid Mistakes With Qualified Charitable Contributions

Avoid Mistakes With Qualified Charitable Contributions
IRA individual retirement account. Vitalii Vodolazskyi/ShutterStock
Tribune News Service
Updated:
By Elliot Raphaelson From Tribune Content Agency
If you have reached 70 1/2, have a traditional IRA, do not itemize your tax return and make charitable contributions, you should consider taking advantage of the Qualified Charitable Deduction (QCD) option to save on income taxes.