Upon reaching age 72, the IRS requires all qualified IRA holders to take a Required Minimum Distribution (RMD) from their accounts. This distribution is includable as income and taxed at your ordinary income tax rates. Making a contribution directly to charity from your IRA, in lieu of taking an RMD, is termed a Qualified Charitable Contribution, or QCD. A QCD to Back2Back from your IRA allows you to forgo federal, and typically all state, income taxes on the distribution but still counts towards your annual RMD.