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National guard soldier Sarah Beckstrom has died after Washington DC shooting - Trump The GuardianWhat we know about the 2 National Guard members shot near White House ABC NewsThe National Guard shooting suspect was in one of the CIA's ‘Zero Units' The Washington PostFor Shooting Suspect, a Long Path of Conflict From Afghanistan to America The New York Times
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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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Israeli Forces Kill Two Palestinians After They Appear to Surrender, Video Shows The New York TimesVideo shows Israeli forces shooting Palestinians dead moments after surrender The GuardianIsraeli soldiers appear to kill Palestinian men in West Bank after they surrender PoliticoIsraeli ?military kills two men after they appeared to surrender during operation in West Bank CNN
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Game Recap: Ravens' Blunders Spoil Thanksgiving Game vs. Bengals Ravens Home | Baltimore Ravens - baltimoreravens.comCincinnati Bengals vs. Baltimore Ravens: How to watch the Thanksgiving Day NFL game today, kickoff time, TV channel and more Yahoo SportsBengals Defeat Ravens 32-14 | POSTGAME RECAP, NOTES & QUOTES Bengals.comRavens commit 5 turnovers in ugly loss to Joe Burrow, Bengals CBS News
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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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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?
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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.
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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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