Qualified Charitable Distributions (QCDs) were first made available to taxpayers in 2007. A qualified charitable distribution (QCD) is generally a nontaxable distribution made directly by the trustee of your IRA (other than a SEP or SIMPLE IRA) to an organization eligible to receive tax deductible contributions. You must be at least age 70 1/2 when the distribution was made.
See IRS Publication 17 Your Federal Income Tax For Individuals and IRS Publication 590-B Distributions from Individual Retirement Arrangements (IRAs) for additional information on QCDs.
The TaxAct program has always supported entering QCDs in the tax return. This option is available after entering Form 1099-R Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc. information in the program:
If you are not seeing these screens in the Q&A relating to Qualified Charitable Distributions (QCD) and believe you should be, review the following qualifications:
Provided the information has been entered correctly, the text "QCD" will automatically appear to the left of Form 1040 U.S. Individual Income Tax Return, Line 4b. However, this will appear on the printed form only. Should this not appear on your printed form, please review your entries using the previous instructions.
Note that any link in the information above is updated each year automatically and will take you to the most recent version of the document at the time it is accessed.