Submitted By: someone
Answered: March 17, 2022 2:54 am

I made a qualified charitable distribution from my IRA. Can I take a charitable contribution deduction?

No. A qualified charitable distribution (QCD) up to $100,000 from an IRA by those age 70½ or older is not includible in gross income and it counts toward required minimum distributions (RMDs) you would otherwise have to receive. However, no deduction can be claimed for the amount going to charity.

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Tax Glossary

Casualty loss

Loss from an unforeseen and sudden event that is deductible, subject to a 10% income floor and $100 reduction for personal losses.

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