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USAA is The American Legion's preferred provider of financial services. Offering a range of top-rated financial and insurance products and services. USAA welcomes honorably discharged U.S. military veterans, active-duty troops and qualified family members and descendants of those who have served. USAA contributes funds to American Legion programs when members join through a dedicated channel:
usaa.com/legion or by calling toll-free at 1-877-699-2654.

Financial Questions & Answers

Financial Questions & Answers

Question:

For tax year 2011, it was possible to make a non-taxable QCD. Is this provision available for tax year 2012? -George

Answer:

Qualified Charitable Distributions were available in 2011. This allowed folks 70 and a half or older to have their IRA trustee to make a non-taxable distribution of up to $100,000 directly to a qualified charity. This distribution would satisfy the IRS minimum distribution requirements. At this point, the rule has not been extended for 2012.