Ways to Lower Your Taxes on Required Minimum Distribution

One way to lower your taxes on an RMD is to donate a portion of it to charity. If you donate your RMD directly to a qualified charitable organization, you can exclude the donated amount from

Ways to Lower Your Taxes on Required Minimum Distribution

One way to lower your taxes on an RMD is to donate a portion of it to charity. If you donate your RMD directly to a qualified charitable organization, you can exclude the donated amount from your taxable income. This can be a particularly good option if you’re already planning on making charitable donations and you don’t need the entire RMD for your own expenses.

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