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Retirement tax questions
To be sure that you understand how a Qualified Charitable Distribution (QCD) is handled on your tax return, the distribution amount is not deducted on your Schedule A, Itemized Deductions. Instead, it is simply not included as part of your taxable income and it is not taxed. That is how you receive the tax benefit of the deduction, not by claiming a deduction on Schedule A.
To learn more, take a look at the following TurboTax help article:
What is a Qualified Charitable Distribution?
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‎February 14, 2024
6:07 AM