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US House passes Iran war powers resolution in rare pushback against Trump Al JazeeraHouse votes to limit Trump's Iran war powers in remarkable rebuke CNNThese Republicans Broke With Trump on the War in Iran The New York TimesRepublican-Led House Votes to Stop Iran War, Rebuking Trump Bloomberg.com
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Elon Musk's SpaceX eyes $1.77tn valuation ahead of historic IPO Al JazeeraSpaceX sets the stage for a record $75 billion IPO CNNSpaceX's IPO set to be biggest ever and could make Elon Musk a trillionaire Indianapolis Business JournalSpaceX reveals its share price and record valuation: 555.6 million shares at $135 apiece, at a $1.77 trillion valuation Fortune
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Stock Market News, June 3, 2026: Dow Falls More Than 600 Points Amid Mideast Clashes WSJWall Street ends lower as Middle East tensions escalate ReutersStock market today: Dow, S&P 500, Nasdaq futures slip as Iran war threatens to drag on Yahoo FinanceOil settles at highest price in over a week. ‘Oil tanks are getting emptier each week Hormuz stays closed.' MarketWatch
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Senate begins voting on funding immigration enforcement after Trump's settlement fund is dropped AP NewsSee more headlines & perspectives on Google News
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SpaceX Targets IPO Price of $135, Raising $75 Billion Barron'sSpaceX sets $135 price for blockbuster IPO, upending Wall Street convention Yahoo FinanceSpaceX says its worth $1.75tn as it nears stock market debut BBCSpaceX's Capital Needs Are Out of This World Bloomberg.comSpaceX sets the stage for a record $75 billion IPO CNN
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European Union Outlines Plan to Reduce Dependence on American Tech The New York TimesEurope unveils tech sovereignty package amid growing concerns over reliance on U.S. tech: 'We want to be sure nobody has a kill switch' CNBCBreakingviews - Europe's chip programme could do with a reset ReutersEU aims to ensure foreign governments or firms cannot disrupt tech services with ‘kill switch' The Guardian
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Israel and Lebanon agree to full ceasefire, conditioned on steps by Hezbollah AxiosLive updates: Israel and Lebanon agree to implement ceasefire as US-Iran talks remain in flux CNNIsrael and Lebanon agree to implement ceasefire if Hezbollah stops attacks BBCIsrael and Lebanon agree to renew ceasefire as Trump seeks to overcome barriers to Iran deal The Guardian
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SpaceX Sets IPO Price Target. Nasdaq Debut Next Week. Investor's Business DailySpaceX targets $135 IPO price at valuation of $1.77 trillion CNBCSpaceX stock market debut set to make Elon Musk a trillionaire Sky NewsSpaceX's Capital Needs Are Out of This World Bloomberg.comSpaceX Sets Price for the World's Largest I.P.O.
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Broadcom Inc. Announces Second Quarter Fiscal Year 2026 Financial Results and Quarterly Dividend BroadcomBroadcom stock slip on revenue miss CNBCBroadcom stock hovers at all-time highs ahead of earnings Yahoo FinanceBroadcom Stock Faces Earnings Test as AI Chip Revenue Surges Barron's
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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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