Increased maximums for qualified charitable distributions
The maximum amount of qualified charitable distributions (QCDs) you can direct to ministry from your IRA has increased in 2024 to $105,000 (previously $100,000), and the maximum you can distribute to WELS Foundation to set up a charitable gift annuity is now $53,000 (previously $50,000). This is because under SECURE Act 2.0 there is a yearly increase, indexed for inflation, in the annual limit of QCDs starting in 2024.
Learn more about qualified charitable distributions at wels.net/qcd.
