Make a qualified charitable distribution. If you are 70.5 years or older and would like to support a charity, consider making a qualified charitable distribution (QCD) up to $100,000 directly from an IRA to a qualified charity. A QCD helps reduce your adjusted gross income (AGI) and taxable income for the 2021 tax year. It works whether you take the standard deduction or itemize deductions, and it can count toward your required minimum distribution, if you have one. Learn more about donating to Habitat for Humanity.