ALL donations to Wheelchair Dancers Organization 501(c)(3) are tax-deductible!
Read on for helpful tax information.
| FEATURE | IRA DONATION (QCD) | DONATION FROM TRADE ACCOUNT (Appreciated Assets) |
| Type of Account | Traditional or Inherited IRA | Taxable brokerage account |
| Age Requirement | Must be 70.5yoa (+) | No age restriction |
| Donation Type | Cash transferred directly from IRA | Stocks, ETFs, mutual funds, or other appreciated securities |
| Eligible for Deduction? | Not a deduction — it is excluded from taxable income. | Yes, if you itemize deductions. |
| Charity Type | Must be a 501(c)(3) Not a donor-advised fund / private foundation. | Must be a 501(c)(3) Can include donor-advised funds. |
| TAX FACTOR | QCD FROM IRA | STOCK DONATION FROM TRADE ACCOUNT |
| Avoids income tax on IRA withdrawal? | ✅ YES Distribution excluded from income. | ❌ NO You would still pay tax if withdrawing cash to donate. |
| Avoids capital gains tax? | ❌ N/A IRAs do not have capital gains. | ✅ YES You avoid capital gains on appreciated assets donated directly. |
| Counts toward RMD? | ✅ YES | ❌ NO |
| Reduces Adjusted Gross Income (AGI) ? | ✅ YES Excluded from income. | ❌ NO Not directly — charitable deduction reduces taxable income only if itemized. |
| Requires itemizing deductions? | ❌ NO | ✅ YES To claim deduction. |