getty When the Tax Cuts and Jobs Act doubled standard deductions in 2018, it had the unintended consequence of greatly reducing the amount of people who could benefit from this famous itemized deduction. Despite this, the United States continues to give the most amount of money per person of any other country to charitable causes. The total
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Food delivery on bicycle. Panning technique, blued motion Getty Tax Notes senior reporter Paul Jones talks with Richard C. Auxier, senior policy associate at the Urban-Brookings Tax Policy Center, about tax issues raised by the gig economy and how policymakers are working to address them. Note: This episode was recorded before a California court decision mandating
TOPLINE New York Attorney General Letitia James sued the Trump Organization—along with the president’s son, Eric Trump—to force the company to comply as she investigates whether the company’s allegedly inflated its assets to secure loans and other deals, and comes as the Republican National Convention kicks off and President Trump makes his case for reelection
Scientists are expressing some doubts about the Food and Drug Administration’s emergency use authorization for convalescent plasma as a treatment for Covid-19 patients. In a Sunday news briefing, President Donald Trump touted the treatment as a “breakthrough.” Former FDA chief Dr. Scott Gottlieb told CNBC that while there was enough data to justify the authorization, the
Take a look at some of the biggest movers in the premarket: AstraZeneca (AZN) – The White House is considering fast-tracking the Covid-19 vaccine candidate being developed by AstraZeneca and Oxford University, according to the Financial Times. The paper said one option being considered is having the Food and Drug Administration give the potential vaccine treatment
Tesla’s rapid run higher, which has seen the shares gain nearly 400% this year, has left one notable investor confused. “I really can’t explain Tesla,” Joel Greenblatt, co-CIO at Gotham Asset Management, said Monday on CNBC’s “Squawk Box.” “I think there’s a lot of speculation in the market and I think some of it’s there. I
JGI/Jamie Grill There may never be a better opportunity than now to teach your kids about money. Many parents are likely spending more time with their children thanks to closed summer camps and virtual schooling brought on by the coronavirus pandemic. “We don’t always get a chance in our life to pause and be this
US President Donald Trump delivers remarks on the economy at an airport hanger on August 17, 2020 in … [+] Oshkosh, Wisconsin. (Photo by Brendan Smialowski / AFP) (Photo by BRENDAN SMIALOWSKI/AFP via Getty Images) AFP via Getty Images As the Republican Convention opens I expect President Trump will make the case he is best
There’s speculation about how Covid is changing work. But the jury is still out on the scale of any shift to working at home, and many white-collar workers will probably return to their offices. Mother Using Laptop. (Photo by: marka/Universal Images Group via Getty Images) Universal Images Group via Getty Images As the pandemic rages
Levent Künzi is Co-Founder and CEO of Properti - a tech-driven real estate company dedicated to modernizing residental real estate in europe getty The coronavirus pandemic has demonstrated that even large transactions like buying a house or renting a flat can now be completed online. My industry, proptech, has been delighted to see progress in the digitalization
Patrick Hamilton | Bloomberg | Getty Images Rio Tinto said on Monday it will cut the short-term bonuses of its chief executive Jean-Sébastien Jacques and two other senior executives following a review of the company’s destruction of two ancient caves in Australia. The world’s biggest iron ore miner stopped short of firing any of its
A child wearing a face mask sits on the Charging Bull statue, also known as the Wall Street Bull, following the outbreak of the coronavirus disease (COVID-19) in New York, August 19, 2020. Carlo Allegri | Reuters Stock futures climbed slightly higher in overnight trading on Sunday as Wall Street tries to build on a
The coronavirus pandemic has thrown into sharp focus the role of government in supporting the economy during periods of crises. But it has also highlighted the role big business can play. Look at Singapore. As the Asia-Pacific headquarters for many major corporations, the country has long invested in business stability even as geopolitical tensions flare globally. So when
As the CEO of a company whose mission is to help people secure retirement, I am obsessed with the unintended consequences of retirement planning and advice that focuses more on assets than income. It makes sense that the companies that produce this advice and manage the assets, from brokerages like Fidelity and Schwab to robo-advisors
Oddsmakers’ favorite for the White House Getty Images Accelerate capital gains and bonuses. Defer deductions and buying a Tesla. Here’s what to do by year-end if a big tax law change looks imminent. Per betting markets, it’s a 50-50 tossup whether the Democrats get both the White House and the Senate. If they do, taxes
When tenants try to negotiate their leases in response to virus-driven shutdowns, and owners try to minimize the damage and stay in business, both parties should keep in mind some strategies and also some potential traps and pitfalls. My previous article discussed some of those. Here are a few more. When tenants try to renegotiate
Parts of the cyclical trade could be prime for a comeback, says Wilmington Trust’s Meghan Shue. With stocks closing at all-time highs after a record-making week, the narrow leadership from growth stocks may be an indicator of what’s to come, the firm’s head of investment strategy told CNBC’s “Trading Nation” on Friday. “A lot of
An employee of the Emergency Operations Center (EOC) monitors tropical storm Laura in Santo Domingo, on August 22, 2020. Erika Santelices | AFP | Getty Images Marco strengthened into a hurricane over the Gulf of Mexico on Sunday on its way toward the Louisiana coast, according to data from an Air Force Reserve hurricane hunter aircraft.
franckreporter | E+ | Getty Images College students whose parents have lost their jobs could be facing more pain next year. That’s because their financial aid packages could fall far short of what they need to cover the cost of their education. On Oct. 1, students can start filling out the Free Application for Federal
Trump’s DOL is pushing 401k sponsors to include the highest cost, highest risk, most secretive … [+] “private equity” investments ever devised by Wall Street in retirement plans offered to America’s workers, without warning of the massive dangers. getty Trump’s U. S. Department of Labor is pushing 401k sponsors to include the highest cost, highest