Congress has finally acted and extended the Qualified Charitable Distribution (QCD). The good news is that this time they made it permanent.
If you have not made a QCD for 2015 and want to do so, you will need to act fast. Charitable Distributions must be out of your IRA no later than December 31, 2015 in order to qualify as a 2015 QCD. Despite the nearness of year end, there will be not be a grace period or other extension of that deadline. Remember, QCDs can only be made from IRAs, and only if you are actually age 70 ½ or older at the time of the distribution.
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