|
Ahead of Midterms, Economic Warning Signs Pile Up for Republicans The New York TimesTrump's week: Poor jobs numbers, high gas prices and Noem's ouster PoliticoDonald Trump's Greatest Promise Is Looking More Disastrous for Him by the Day SlateBeyond the Iran war: Trump's no-good, very-bad day on jobs, gas, Epstein USA Today53% of Americans say Trump has made the economy worse Strength In Numbers | G. Elliott Morris
|
RELATED ARTICLES | | |
|
For Xi, Trump's Embrace of War Proves China Needs More Power The New York TimesHow Iran and Venezuela strikes transform the Trump-Xi trade talks CNBCBeijing Doesn't Think Like Washington—and the Iran Conflict Shows Why Carnegie Endowment for International PeaceTrump's China summit with Xi Jinping just got a lot more complicated NBC NewsThe US just took out two
|
|
The Dutch method could both boost your energy and help you fall asleep.
|
|
Man killed Utah women on hike and another at home for cars, prosecutors say The Washington Post2 women were 'bonding over the beauty of a hike' when they were killed in Utah, family says YahooA Killing Spree in Utah Rattles a Region and Puzzles Officials - The New York Times The New York TimesAunt and niece were killed while hiking at one of their 'favorite places,' family says KSL.comMan slept in stranger's shed and sho
|
|
Russia hits Ukraine with drones, missiles, kills at least seven in Kharkiv ReutersRussian strike on apartment building kills at least 8 in Ukraine, including mothers and young children CBS NewsRussia Hits Ukraine With Deadly Barrage of Missiles and Drones The New York TimesTwo children among at least 10 dead in Russian missile strikes in Ukraine Sky News
|
RELATED ARTICLES | | |
|
Google gives CEO Sundar Pichai new pay deal worth up to $692mn Financial TimesAlphabet CEO could earn up to $692M under a new equity package that's linked to Waymo for the first time Business InsiderAlphabet maintains CEO Sundar Pichai's salary, grants new equity awards By Investing.com Investing.com IndiaGoogle Gives CEO New Pay Deal Worth Up To $692 Million Barron's
|
|
It's Sinners versus everybody else in the latest stack of anonymous Oscar ballots AV ClubBrutally Honest Oscar Ballot #1: ‘Sentimental Value' "Nearly Perfect," "Didn't Want [‘Hamnet's] Jessie Buckley Turned Up to a 10 the Entire Time" The Hollywood ReporterAnonymous Oscar Voters Can't Stand These Awards Season Favorites The Daily BeastAnonymous Oscar Ballots Reveal Sinners, One Battle After Another in Tight Race Variety
|
|
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
|
RELATED ARTICLES | | |
|
The time has come to check whether the benefits of teamwork still outweigh the costs.
|
|
