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Proposed Hormuz passage deal not feasible for shipping industry, sources say ReutersIran says it has a deal to reopen the Strait of Hormuz—and shipowners are outraged by its plan to charge fees FortuneStrait of Hormuz tolls would harm livelihoods worldwide, shipowners warn aljazeera.comShipowners Say Hormuz Tolls Would Lead to More Charges Elsewhere Bloom
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ChatGPT brings unlimited text chats to free users TechCrunchImproving GPT-5.6 Sol in ChatGPT—and expanding access to GPT-5.6 Luna for free users OpenAIOpenAI makes major upgrades for free and paid ChatGPT users. Here's what they are AxiosOpenAI Will No Longer Limit How Many Texts Free Accounts Can Send To ChatGPT EngadgetOpenAI is giving ChatGPT free users unlimited text chats The Verge
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Senate Republicans' farm bill fails over SNAP stalemate - Live Updates PoliticoCountry-of-Origin Labels, EQIP and Payment Limits Face Amendment Debates DTN Progressive FarmerArticle | Klobuchar set to vote against GOP's farm bill, sinking chances of package advancing subscriber.politicopro.comRepublicans Roll the Dice on Their Farm Bill News of the United States - NOTUS
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HHS proposes cutting many federal education and health guidelines for Head Start The Washington PostTrump Administration to Deregulate Head Start, Antipoverty Program Created Under R.F.K. Jr.'s Uncle The New York TimesHead Start regulations to be overhauled by the Trump administration KATUTrump administration moves to deregulate Head Start, opening door for sweeping change NPR
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Strategic remodels, stronger marketing tactics, and certain standout products are helping Burger King regain customers and market share.
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Unitree Robotics wants to raise about $900 million in an I.P.O. that tests market interest in humanoid robots, a technology that wows but has yet to prove its viability.
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Third-largest US oil and gas company changes leadership as profits climb on war-driven price surge
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AI can transform your small business, but without proper governance, it can also create costly compliance risks.
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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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