The Internal Revenue Service (IRS) has issued new standard mileage rates for operating an automobile for business, charitable, medical or moving purposes in 2021. The IRS has issued new lower mileage rates for 2021. getty New IRS Mileage Rates The new IRS mileage rates apply to travel starting on January 1, 2021. 56 cents per
Month: December 2020
A new type of visual marketing helps brokers sell high-end homes. Narr8 Media The video’s opening sets viewers up for an irresistible and emotional ride as Michael Jordan glides across a basketball court against a backdrop of cheering fans. On camera, an award-winning reporter delivers his intro: “The 23 on the front of the gate
Greg Abbott, governor of Texas, speaks during an Operation Warp Speed vaccine summit at the White House in Washington, D.C., U.S., on Tuesday, Dec. 8, 2020. Al Drago | Bloomberg | Getty Images People 65 years and older, and those with certain medical conditions will be able to get the Covid-19 vaccine sooner in Texas
Take a look at some of the biggest movers in the premarket: Pfizer (PFE) – Pfizer and the government struck a deal for the drugmaker and partner BioNTech (BNTX) to provide 100 million more doses of its Covid-19 vaccine, increasing the total that Pfizer has agreed to provide to 200 million. The extra 100 million
America’s millionaires are betting on a strong stock market next year, with many expecting double-digit gains, according to the CNBC Millionaire Survey. Fully 70% of millionaires expect the S&P 500 will be up at least 5% next year, according to the survey of households with investible assets of at least $1 million. Nearly a third
Natnan Srisuwan | Moment | Getty Images Assets managed with environmental, social and governance considerations continue to surge. And while still largely driven by institutional investors, the retail side is growing dramatically. In fact, money managers who use ESG factors in their investment analysis say climate change continues to be their top concern and the
Second stimulus checks are coming. But some people may be surprised to find out they may not be eligible for the money this time around. The latest coronavirus relief deal from Congress includes $600 stimulus checks per person, half of the $1,200 payments that went out earlier this year. Married couples who file jointly stand
getty It’s generally a bad idea to name a trust as beneficiary of your IRA. The IRA usually loses the power of tax deferral, because it must be distributed faster than in other scenarios. There are only a few instances when a trust as beneficiary avoids this problem, A recent IRS ruling gives an example,
An IRS 1040 Tax Form with a pair of Handcuffs resting on the Tax Forms. getty A key to good tax practice is being able to explain things to clients and prospects. Consider this remark explaining difficult to understand promotional material: we know if we’re examined by the [IRS] they will ask for all promotion
With Covid cases on the rise around the country, caring for an infected family member at home may … [+] become a reality for many households. getty Covid cases are surging across the country, with many hospitals approaching maximum ICU capacity. Even as new vaccines are rolled out, public health professionals are stressing the need
Supporters listen as Democratic U.S. Senate candidate Jon Ossoff speaks at a news conference in Grant Park after the election in Atlanta, Georgia, U.S. November 6, 2020. Dustin Chambers | Reuters Wall Street and Washington are operating, these days, on the assumption that Republicans will retain control of the Senate after at least one Republican
National Institutes of Health Director Dr. Francis Collins told CNBC that “it was very likely” that the U.S. government is close to a deal with Pfizer for up to an additional 100 million Covid vaccine doses. “It is good news it sounds like it’s very likely,” said Collins. “We’ll have 400 million doses between Pfizer
Long-time tech investor Paul Meeks expects 2021 to be another winning year for the Nasdaq. But Meeks, who’s known for running the world’s largest tech fund during the late 1990s, warns two popular names that went public this month won’t reap the benefits: Airbnb and DoorDash. “I would short DoorDash here. It’s just crazy overvalued
This year has been a wild ride for anyone invested in, or even just watching, the bitcoin market. The world’s most valuable virtual currency in December traded at more than $23,000. When the U.S. first began grappling with Covid-19 in early March, Bitcoin was below $4,000. For owners or sellers, it’s a gut-twisting source of gains
Angela Weiss | AFP | Getty Images At some point — whether this week or in coming weeks — at least a couple of people are going to suddenly find themselves a whole lot richer. The Mega Millions jackpot has reached an estimated $330 million for Tuesday night’s drawing. Powerball’s top prize isn’t far behind
izusek | E+ | Getty Images After six months of political haggling, the federal government is about to send most Americans a second pandemic-related stimulus payment. The quickest way to get that money? Direct deposit, says the IRS. “Direct deposit is the safest and fastest way to receive a payment, including a tax refund,” according
A man wearing a face mask rides a bicycle, as the country is hit by an outbreak of the novel coronavirus, in Beijing, China February 12, 2020. Carlos Garcia | Reuters BEIJING — China is extending support measures for the country’s smallest businesses, a signal that full economic recovery from the shock of the coronavirus
getty It is said that the Americans who stormed the beaches of Normandy and saved the world from the ultimate evil are members of the “Greatest Generation.” I believe the name can also apply to the many people who lived through World War II in Europe and moved to the United States to create a
Look, I’ve never been a particularly happy guy. But if there’s one thing that really gets me down, it’s everyone else being happy. That, I simply can’t have. It’s why, growing up outside of Philly, I rooted for the Eagles to get smoked every Sunday. It’s why whenever I leave my little ski town for
There’s higher ground and then there’s higher ground. A Beverly Hills residence where singer-songwriter Stevie Wonder lived has sold for $10.525 million. The single-story home in Beverly Hills’ Trousdale neighborhood was leased by Stevie Wonder from … [+] 2011-2015. Hilton & Hyland The soul and gospel icon leased the single-story home on Clinton Place from
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