QCD vs Standard Deduction

Forum|Forum|1 year ago
March 15, 2025
1 reply
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As a single taxpayer that takes the Standard deduction am I eliminating my QCD from my RMD/IRA?

Best answer by VolvoGirl

Expert Reviewed

Yes since you are already getting a deduction for the QCD (because it's not included in your taxable income in the first place) you can't enter it in Deductions. You get a deduction for it whether you take the Standard Deduction or Itemize. It's called an Above the Line deduction which is better since it reduces your income before the standard deduction.

VolvoGirl

Level 15

Not sure I understand your question. But if you do a QCD the Standard Deduction doesn’t matter. Yes the QCD comes off of your income before the Standard Deduction. A IRA QCD should be 0 taxable on 1040 line 4b and QCD written by it. Unless you have other 1099R taxable amounts on 4b. So it wipes out the RMD.

Azor222Author

Level 2

Turbo tax states in their QCD entry section that the charitable contributions made this way could not also be claimed in the Charitable Donations/Donations to Charities in 2024 (Deductions and Credits) section. Since Turbo Tax recommended after I completed my deductions that I take the Standard Deductible I wanted to know if the same requirement applies.