Talk of The Villages Florida - View Single Post - Qualified Charitable Distributions
View Single Post
 
Old 11-23-2023, 03:48 PM
LuvtheVillages LuvtheVillages is offline
Veteran member
Join Date: Jan 2014
Location: Tamarind Grove
Posts: 553
Thanks: 252
Thanked 798 Times in 251 Posts
Default

Quote:
Originally Posted by Priebehouse View Post
I haven't had the AGI to itemize in 10 years or more!
When using a Qualified Charitable Distribution, the money goes directly to the charity AND counts as part of your Required Minimum Distribution. However, (here’s the important part) it is NOT included in your taxable income, like the RMD usually is.
No need to itemize to get the benefit.