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posted Dec 6, 2022 11:27:20 AM

Can I take a QCD (Qualified Charitable Deduction) on my Federal return for Metro.Life annuity payments I receive from my Federal Thrift Savings Plan distributions?

Metropolitan Life Ins. Co. provides these payments under a Group Annuity Contract with the Federal Retirement Thrift Investment Board.

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1 Best answer
Level 15
Dec 6, 2022 2:29:24 PM

No.  QCDs can only be made from an IRA.  The annuity established from your participation in the federal TSP is not an IRA.

3 Replies
Level 15
Dec 6, 2022 12:59:57 PM

@Mike9241 

Level 15
Dec 6, 2022 2:29:24 PM

No.  QCDs can only be made from an IRA.  The annuity established from your participation in the federal TSP is not an IRA.

Level 15
Dec 6, 2022 9:30:18 PM

In addition to what dmertz said, even from an IRA a QCD has to be paid directly to the charity from the IRA. If the IRA paid the money to you it is not a QCD, and there is no way to make it a QCD, even if you donate it to a charity.


QCD stands for Qualified Charitable Distribution, not Deduction. The manner in which the distribution is paid out is what makes it a QCD. It's not a deduction that you can decide to claim on your tax return.