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North Texas power outages: Thousands wake up to no electricity Saturday morning - here's how to check the map, your status wfaa.comThunderstorms and rain ahead of Ice & Winter Storm Warnings in Houston click2houston.comWhen will freezing weather hit Austin? Here's an hour-by-hour forecast statesman.comThousands of homes lose power in North Texas as freezing temps set in chron.com
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Almost 12,000 flights across the U.S. set to take off over the weekend were canceled as a monster storm started to wreak havoc Saturday across much of the country and threatened to knock out power for days and snarl major roadways with dangerous ice.
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How much snow are Boston and Massachusetts getting this weekend? CBS NewsLive updates: Tracking the biggest snowstorm to hit Massachusetts in 4 years nbcboston.comMassachusetts issues truck restrictions beginning at noon Sunday YahooWith Major Snowstorm Coming, BU Closes Charles River, Medical Campuses Sunday at Noon Through Monday bu.edu
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'Sell America' has sparked a FOMO-fueled rush to gold and silver among everyday investors Business InsiderAg Markets Surge Higher Into the Weekend The Globe and MailCommodities weekly - Hard assets, hard weather: metals lead, gas shocks, cocoa cracks home.saxoAs gold and oil diverge, is it time to be precious about your portfolio? QuotedData
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Silver Anniversary Content Creator Guide Halo WaypointHalo Studios Details '25 Years of Halo' Celebrations XboxEraHalo x MOPOP Supper Fan Club | Halo - Official Site (en) Halo WaypointHalo Silver Anniversary Content Creator Guide Released filmogaz.comCelebrating 25 Years of Halo | Halo - Official Site (en) Halo Waypoint
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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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