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R
robin34
February 14, 2023
Question

Do charitable contributions reduce the amount of taxable income from an RMD?

  • February 14, 2023
  • 1 reply
  • 0 views
How can I reduce the taxable amount of an RMD?

1 reply

M
MayaD
February 14, 2023

Yes. Qualified charitable distributions can satisfy all or part the amount of your required minimum distribution from your IRA. 

A qualified charitable distribution (QCD) can lower your adjusted gross income (AGI) while also satisfying the required minimum distribution (RMD) rules.

 

For more information please check :IRS.gov

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