Finance Exam Prep

Ran Chen, EA, CFP®

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Enrolled Agent Exam [Part 1] 84, Qualified Charitable Distributions (QCD)

4/9/2026 • 3 min

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: • Taxpayers must be age 70½ or older to make a Qualified Charitable Distribution (QCD). • A QCD allows a direct, tax-free transfer of up to $105,000 (indexed annually) from an IRA to an eligible charity. • The amount of the QCD can satisfy all or part of a taxpayer's Required Minimum Distribution (RMD) for the year. • A key exam trap is understanding that funds must go directly from the IRA to the charity; if the taxpayer receives them first, the distribution is taxable. • A QCD is excluded from the taxpayer's Adjusted Gross Income (AGI) and cannot also be claimed as an itemized charitable deduction. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or Youtube Channel: https://www.youtube.com/@Open-exam-prep

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