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Unlike other distributions from your retirement accounts, you pay no income tax on a Qualified Charitable Distribution, although there is no charitable deduction for your contribution. However, your QCD contribution counts toward your Required Minimum Distributions (RMD) from your IRA without creating taxable income for you.
Tax information provided on this webpage is for illustrative purposes only. Before making any decision, we encourage you to consult with your tax advisor.
matches /give/qualified-charitable-distribution ... percision: 2 of