Consider an IRA Rollover Gift!
If you currently take the standard deduction, you will no longer be able to receive an additional tax break for contributions to qualified charities. However, if you are at least 70 1/2 and have an IRA, you can use a special section in the tax code that allows for a qualified charitable distribution, or QCD to donate up to $100,000 annually to a public charity without counting the amount as taxable income!
The limit is per taxpayer, which means married couples can each give up to $100,000 from their account. In order to receive this significant tax break, the distribution must be made payable directly to the charity. Since the distribution is not included in your taxable income, there’s no need to withhold income tax!