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Artificial intelligence could produce faster gains in worker productivity, altering the U.S. labor market and the Federal Reserve's economic outlook.
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Kroger boosts its stock buyback program, just as the shares are in danger of having their worst month in three years.
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Government waters down farm inheritance tax plan BBCSon of Silkstone farmer who took own life welcomes inheritance tax change BBCDeputy leader Lucy Powell says Labour must ‘stick to manifesto' over EU customs union, in implicit rebuke to Streeting - as it happened The GuardianUK softens stance on farm tax after months of protests ReutersFarmers celeb
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Email by 'A' from 'Balmoral' asked Ghislaine Maxwell for 'inappropriate friends', Epstein files show BBCJustice Department releases new batch of documents in Epstein investigation CNNTrump knocks release of photos in Epstein files dump: ‘I think it's a terrible thing' The HillNew trove of apparent Epstein files posted on DOJ site disappears Politico
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Finished ‘Heated Rivalry?' These Steamy Sports Books Promise a Similarly Happy Ending Rolling StoneDown to Puck: Why Women Are Going Wild for ‘Heated Rivalry' The Hollywood Reporter'Heated Rivalry' Is Getting People Into Hockey. Here's What the NHL Thinks TODAY.com‘Heated Rivalry' Scores Big With Hockey and Sex The New York Times
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Trump announces plans for new Navy 'battleship' as part of a 'Golden Fleet' NPRTrump's proposed battleships might look impressive on paper. But building them won't be easy - or cheap CNNTrump Administration Live Updates: President Announces Plans for New ‘Trump Class' Warships The New York TimesNew Class of Warship to Be Named After Trump The Wall Street Journal
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Shares of military shipbuilder Huntington Ingalls Industries were up sharply Monday, building on Friday's surge that came after the U.S. Navy announced it had selected the company to design and build a new class of small warship.
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Trump announces new class of U.S. battleships named after himself NBC NewsTrump's proposed battleships might look impressive on paper. But building them won't be easy - or cheap CNNTrump Administration Live Updates: President Announces Plans for New ‘Trump Class' Warships The New York TimesNew Class of Warship to Be Named After Trump The Wall Street JournalTrump's Vanity Fleet The A
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WBD shareholders must weigh pros and cons of tendering their shares to Paramount for $30 per share. CNBC lays out the arguments on both sides.
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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?
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
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