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Sweden promises action against illegal sex doll sales AP NewsView Full Coverage on Google News
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There's a major shift in consumer behavior as prices rise and promotions shrink.
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Death Toll Rises to 128 in Hong Kong High-Rise Fire The New York TimesHong Kong apartment block fire death toll jumps to 128, officials warn could rise further CNNHong Kong's deadliest fire in decades followed a year of safety complaints ReutersBamboo scaffolding helped build Hong Kong's skyline, but a deadly fire may hasten its end AP News
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Joe Burrow delivers major blow to Ravens' playoff hopes with win in his Bengals injury return New York Post'Proud to be back': QB Burrow has 2 TDs in win ESPNClifton Brown's Five Thoughts on the Ravens' Rough Thanksgiving Ravens Home | Baltimore Ravens - baltimoreravens.comBengals-Ravens takeaways: Joe Burrow shines in return, Cincinnati defense dominates in win - The Athletic The New York Times
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Catching up, refocusing and getting things done without interruption make the post-turkey workday great.
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Tech CEOs Can't Stop Talking About Data Centers in Space Business InsiderExclusive: China pioneers in AI satellite deployment in space: program leader Global TimesEconomic feasibility of orbital computing: new horizons for SpaceX UA.NEWSHow Solar Energy will Power Data Centres in Space Energy Digital MagazineBeijing Institute to Build China's First Space Computing Center 800 km Above Earth Yicai Global
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Prime Minister Bart De Wever sets out conditions that would resolve his objections to a proposed €140bn EU loan to Kyiv
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Turkeys make up approximately 2% of the entire U.S. poultry inventory, but account for 24% of new cases in commercial and backyard flocks.
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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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Wednesday's selling carried into Thursday as investors continued to take a risk-off approach to markets following the Federal Reserve's latest policy announcement.
The central bank issued its third jumbo-sized rate increase yesterday and set expectations that it will continue to hike rates over its next few meetings. However, the Fed is not alone in its aggressive stance. Several global central banks have increased their benchmark rates this week in an ongoing effort to tame inflation, including the Bank of England and Switzerland's National Bank, which earlier today issued 50 basis point and 75 basis point rate hikes, respectively. (A basis point is one one-hundredth of a percentage point.)
SEE MORE 10 Best Marijuana Stocks to Buy Now
"Global equities are struggling as the world anticipates surging rates will trigger a much sooner and possibly severe global recession," says Edward Moya, senior market strategist at currency data provider OANDA. "Most of these rate hikes around the world are not done yet which means the race to restrictive territory won't be over until closer to the end of the year."
The reaction here at home was a selloff in bond prices, which sent yields on government notes spiking. The 10-year Treasury yield surged 19.2 basis points to 3.704% - its highest level since early 2011 - while the 2-year Treasury yield spiked 12.1 basis points to 4.116%, its loftiest perch since late 2007.
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Links mentioned in this episode:
You Can Appeal a Medicare Premium SurchargeBonus Tax Refunds Will Be Sent Soon - Will You Get a Check from the IRS?
Watch Out! RMDs Can Trigger Massive Medicare Means Testing Surcharges
Is Your Retirement Portfolio a Tax Bomb?
Transcript:
David Muhlbaum: You've been told by plenty of people, us included, that saving for retirement is important. You've probably also heard that step one is putting aside salary in a 401(k) plan, if one is available to you, or some other retirement vehicle. But there's a catch. Saving for your retirement is a good thing, but in short, if you keep deferring the taxes, they'll likely bite you in the end. We'll talk to an expert in defusing what's s
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