Qualified Charitable Distributions let you make tax-free contributions from your IRA to a qualified charity. The current limit is $108,000 in 2025 for each individual and it is increased each year for cost-of-living adjustments.
QCDs can satisfy your Required Minimum Distribution (RMD) for the year, although there is no RMD requirement until age 73. You must be 70 1/2 or older to make a QCD.
To enter a QCD, go to your Retirement Accounts area and choose one of the IRAs. QCDs are not allowed from a 401k. Create a Special Withdrawal in the IRA and check the QCD box as shown in the image below. Set up the amount and time periods you want to use for the QCD.
The QCD withdrawal will appear as a retirement withdrawal, but the same corresponding amount will appear as a Special Expense in the "Other" column of the Spending report representing that QCD amount as handed over to the qualified charity.
