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Trump expected to nominate Todd Blanche to be attorney general PoliticoTakeaways from Blanche's House testimony: ‘Anti-weaponization' fund is over, ban on Trump tax audits remains CNNTrump expected to nominate Todd Blanche as permanent attorney general CBS NewsGOP senators look to Blanche for signals on DOJ fund's fate - Live Updates PoliticoTrump suggests he will make Todd Blanche ?permanent US attorney general The Guardian
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Live: Knicks, Spurs ready to tip off Game 1 of the NBA Finals NBA.comSpurs vs. Knicks live updates: San Antonio, New York trading baskets in fourth quarter of Game 1 of the NBA Finals NBC NewsNBA finals 2026 Game 1: New York Knicks v San Antonio Spurs - live The GuardianNBA, Disney providing many ways to watch and experience the 2026 NBA Finals NBA.com
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Organisation for Economic Co-operation and Development now anticipates a worldwide inflation rate of 4% this year.
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European Union Outlines Plan to Reduce Dependence on American Tech The New York TimesEurope unveils tech sovereignty package amid growing concerns over reliance on U.S. tech: 'We want to be sure nobody has a kill switch' CNBCBreakingviews - Europe's chip programme could do with a reset ReutersEU aims to ensure foreign governments or firms cannot disrupt tech services with ‘kill switch' The Guardian
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U.S. says it plans extra tariffs of 10% or more for most trading partners after forced labor probe PBSTrump to impose tariffs on dozens of nations, citing claims of forced labor The Washington PostPM says Australia has 'ideological disagreement' with US after it reveals anti-slavery tariff Australian Broadcasting Corporation
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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?
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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.
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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
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