In the recently released official IRS Pub. 590-B for the 2021 tax season, there are more details on how to calculate the effect of deductible IRA contributions on QCDs.
If you have deductible contributions to your IRAs after age 70 1/2, they can reduce the maximum amount for your qualified charitable distributions (QCDs).
QCDs are a good way to donate to charity using your IRA account. But, there are age requirements, monetary limits and protocols to follow.
There are only a few days left before the end of the year to make charitable contributions, including QCDs, for 2021.
The SECURE Act shifted the age for required minimum distributions from 70 1/2 to 72, but it did not change the age (70 1/2) for qualified charitable distributions.