QCD
when a client makes Qualified charitable distribution will that impact taxation of social security benefits? In other words will the QCD be included in the combined income calculation?
when a client makes Qualified charitable distribution will that impact taxation of social security benefits? In other words will the QCD be included in the combined income calculation?
Permalink Submitted by tomd37 on Thu, 2020-02-06 22:18
The QCD amount, if properly reported on a federal tax return, is not included as part of the AGI and therefore possibly affects the taxable portion of social security benefits. Possibly, because other income may affect taxability of social security benefits.