|
Is there a summer COVID-19 surge this year? Yep, it's ramping up again NPRSummer is now California's COVID busy season as winter waves fade Los Angeles TimesMutated COVID-19 variant could be behind surge in SF virus levels SFGATEWastewater data shows COVID-19 surge in several Bay Area communities NBC Bay Area
|
|
Man, 18, Pleads Guilty to Repeatedly Kicking Sea Lion in California The New York Times'Unacceptable': La Jolla man who admitted kicking a sea lion faces a year in jail and $100,000 fine Los Angeles Times'Federal crime. Federal consequences' | La Jolla man pleads guilty to kicking sea lion cbs8.comTeen who kicked sea lion in viral video in San Diego pleads guilty fox5sandiego.com
|
|
US retail sales slump unexpectedly and sharply after a summer tax-refund boost fades AP NewsFrustrated US consumers cut their retail spending last month CNNMidday Need to Know: Retail sales drop, Ackman shakes up portfolio & more (SPY:NYSEARCA) Seeking AlphaUS retail sales weakest in over a year, consumer sentiment plunges Yahoo FinanceUS Retail Sales Fall by the Most in More Than a Year Bloomberg.com
|
|
The relationship between bond yields and equities has turned negative again, says LPL Financial.
|
|
New sales numbers from the Census Bureau suggest consumers may finally be losing patience with persistent inflation.
|
|
The combined average U.S. sales tax rate rose for the first time in four years to a 10-year high of 10.1881%, according to a new report.
|
|
The data for July showed the biggest drop in more than a year, as American households face the economic strains brought on by persistent inflation
|
|
The S&P 500 is in position for a rare fourth year of consecutive annual gains. Risks are rising, our columnist says, yet Wall Street is doubling down.
|
|
The 30-year fixed-rate mortgage reached 6.66% on average Thursday.
|
RELATED ARTICLES | | |
|
Plenty of retirees like to give back to their communities through charitable donations, but questions often arise over the best way to do that.
What approach is efficient, provides the tax benefits you're after, and also is advantageous for the charity that's on the receiving end?
SEE MORE Ever Dream of Having a Building Named After Yourself?
One possibility is a qualified charitable distribution (QCD), a tax-savvy way to reduce your taxable income and maximize your donations whether you itemize deductions on your tax return or not. An added bonus is that the benefits can be large for both the donor and the charity.
Here's How QCDs Work
A QCD is a distribution from an IRA that is paid directly from that retirement account to a qualified charity. QCDs lower your adjusted gross income (AGI) and therefore lower your tax bill. They can also offset required minimum distributions (RMDs), those withdrawals you must take from your IRA each year once you reach age 72. An RMD adds to your income, raising the amount of taxes you pay, but a QCD is excluded from your income. So, for example, if you withdrew $50,000 from your IRA as an RMD, you would pay taxes on that money. But if that same $50,000 was used as a QCD instead, you avoid the taxes while helping a charity at the same time.
SEE MORE Every Dollar Counts: How to Evaluate a Nonprofit
Taxpayers can benefit from QCDs even when they take the standard deduction and do not itemize their deductions. Meanwhile, even though a QCD doesn't count as an itemized deduction, tax
|
|
China's central bank keeps pumping money into the economy, but the cash ends up in all the wrong places. That bodes ill for 2019.
|
|
