Cereus Financial Advisors
David Haas, CFP®
795 Franklin Avenue
Building B, Suite 205
Franklin Lakes, NJ 07417
Fax: 201-848-6803

Qualified charitable distributions (QCDs)

Qualified charitable distributions (QCDs) are distributions made directly from an IRA to a qualified charity. Such distributions may be excluded from income and count toward satisfying any required minimum distributions (RMDs) you would otherwise have to receive from your IRA. Individuals age 70½ and older can make up to $100,000 in QCDs per year.


Income Tax Key Numbers

Alternative minimum tax (AMT)20182019
Maximum AMT exemption amount$109,400 (MFJ), $70,300 (Single/HOH), $54,700 (MFS)$111,700 (MFJ), $71,700 (Single/HOH), $55,850 (MFS)
Exemption phaseout threshold$1,000,000 (MFJ), $500,000 (Single/HOH/MFS)$1,020,600 (MFJ), $510,300 (Single/HOH/MFS)
26% rate applies to AMT income (AMTI) at or below this amount (28% rate applies to AMTI above this amount)$191,100 (MFJ/Single/HOH), $95,550 (MFS)$194,800 (MFJ/Single/HOH), $97,400 (MFS)
Standard deduction20182019
Standard deduction amount$24,000 (MFJ), $18,000 (HOH), $12,000 (Single), $12,000 (MFS)$24,400 (MFJ), $18,350 (HOH), $12,200 (Single), $12,200 (MFS)
Standard deduction for dependentGreater of $1,050 or $350 + earned incomeGreater of $1,100 or $350 + earned income
Additional deduction for aged/blind$1,600 (Single/HOH), $1,300 (MFJ/MFS)$1,650 (Single/HOH), $1,300 (MFJ/MFS)
Top tax brackets20182019
Single37% of taxable income exceeding $500,000 + $150,689.5037% of taxable income exceeding $510,300 + $153,798.50
MFJ37% of taxable income exceeding $600,000 + $161,37937% of taxable income exceeding $612,350 + $164,709.50
MFS37% of taxable income exceeding $300,000 + $80,689.5037% of taxable income exceeding $306,175 + $82,354.75
HOH37% of taxable income exceeding $500,000 + $149,29837% of taxable income exceeding $510,300 + $152,380
Top capital gain tax rate (20%) thresholds20182019
MFJ $479,000 $488,850
MFS $239,500 $244,425
HOH $452,400 $461,700
Unearned income Medicare contribution tax (Net investment income tax)20182019
Amount of tax3.80%3.80%
Applies to lesser of (a) net investment income or (b) modified adjusted gross income exceeding:
Married filing jointly$250,000$250,000
Married filing separately$125,000$125,000
Standard mileage rates20182019
Use of auto for business purposes (cents per mile)$0.545$0.58
Use of auto for medical purposes (cents per mile)$0.18$0.20
Use of auto for moving purposes (cents per mile)$0.18$0.20
Use of auto for charitable purposes (cents per mile)$0.14$0.14


The information presented here is not specific to any individual's personal circumstances. These materials are provided for general information and educational purposes based upon publicly available information from sources believed to be reliable—we cannot assure the accuracy or completeness of these materials. The information in these materials may change at any time and without notice. This communication is strictly intended for individuals residing in the state(s) of AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, GU, HI, ID, IL, IN, IA, KS, KY, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, UT, VT, VI, VA, WA, WV, WI and WY. No offers may be made or accepted from any resident outside the specific states referenced.

Prepared by Broadridge Investor Communication Solutions, Inc. Copyright 2019.