Are You a Good Qualified Charitable Distribution Candidate?

If you can afford to donate IRA money, you can benefit tax-wise if you match one or more of the following profiles.

1. You don’t itemize deductions (under the normal rules only itemizers get any income tax benefit from charitable donations).

2. You itemize, but your charitable donation deductions for 2013 would be delayed by the 50 percent-of-AGI restriction or partially phased out because you’re a high-income taxpayer.

3. You want to avoid being taxed on the required minimum distribution amount that you must take from your IRA.

4. You are looking for a quick and easy estate tax reduction strategy.